XRP +7% to $2.54, Bitcoin $105.9K; SHIB Stabilizes
XRP surged 7% to $2.54 on a 110 million token volume spike, breaking short-term resistance but still facing its 100- and 200-day moving averages near $2.65. On-chain data show a 15% rise in active XRP addresses, signaling renewed investor interest.
Bitcoin climbed to $105,900 and is consolidating below its 200-day MA at $108,000. A break above the $111,700 liquidity zone could trigger a short squeeze, while failure may lead to a retest of support at $104,000–$103,000. Bitcoin exchange inflows are up 20%.
Shiba Inu stabilized near $0.0000106 with an RSI of 49 and support at $0.0000095. However, SHIB’s burn rate has collapsed over 90% amid a 589 trillion token supply, limiting deflationary pressure and rally potential.
Traders should monitor XRP’s MA breakouts, Bitcoin’s volume shifts and potential liquidations, and SHIB’s burn activity for signs of sustained market momentum.
Bullish
XRP’s 7% surge and 110 million token volume spike, coupled with a breakout above short-term resistance and a 15% rise in active addresses, indicates strong bullish momentum for XRP. Bitcoin’s steady climb below its 200-day MA and a looming $111,700 liquidity zone that could trigger a short squeeze support a bullish outlook in the near term. Although SHIB has stabilized, its collapsed burn rate limits further gains. Taken together, robust volume trends, technical breakouts, and improved on-chain metrics point to continued upward pressure for XRP and Bitcoin in both the short and medium term.