XRP Eyes $5; SHIB Head-and-Shoulders, Bitcoin Stuck at $120K Barrier
XRP is consolidating near $3.20 with key resistance at $3.35–$3.40 and support at the 20-day EMA ($3.05) and 50-day EMA ($2.79). A sustained breakout above $3.40–$3.60 could push XRP toward $4.00 and ultimately $5.00. Shiba Inu (SHIB) shows a developing head-and-shoulders pattern on the daily chart, with the neckline at $0.00001200–$0.00001220. A daily close below this zone may drag SHIB down to $0.00001000, while a rebound above the 200-day EMA ($0.00001428) would invalidate the bearish setup. Bitcoin (BTC) remains capped around $120,000 after failing to clear $118,130. Immediate support lies at the 20-day EMA (~$115,964) and 50-day EMA (~$113,934). Its RSI near 57 indicates neutral momentum, suggesting potential sideways trading unless BTC can break $120,000 soon. Traders should watch these resistance levels, support levels and EMA crossovers for breakout or breakdown signals to gauge short-term volatility and broader market sentiment.
Neutral
The news presents mixed technical signals across the three major cryptocurrencies. XRP shows bullish potential with clear breakout targets at $4.00 and $5.00, supported by the 20- and 50-day EMAs. In contrast, SHIB’s developing head-and-shoulders pattern warns of deeper downside if the neckline at $0.00001200–$0.00001220 fails to hold. Bitcoin remains range-bound below $120,000, indicating neutral momentum. These opposing setups balance each other, leading to a combined neutral outlook. Traders will likely see localized volatility around these levels, but overall market direction hinges on decisive breaks of the highlighted support and resistance zones.