XRP, Dogecoin, SHIB Face Further Downside; Short-Term Bounces Possible Amid BTC Weakness

Published: 2026-02-02 23:14:13 |

Bitcoin weakness and six consecutive days of ETF outflows have pushed BTC toward $74k and sparked broad risk-off selling across altcoins. XRP, Dogecoin (DOGE) and Shiba Inu (SHIB) are each trading inside long-running descending channels and have been driven into oversold RSI territory, opening the possibility of short-term relief bounces. Expected resistance targets for such bounces are roughly $1.80 for XRP, $0.12–$0.13 for DOGE, and $0.0000088–$0.0000090 for SHIB. However, the article warns these moves are likely corrective unless prices reclaim and hold channel resistance on daily closes; failure to do so could push XRP toward $1.40, DOGE toward $0.09, and SHIB toward $0.0000060. The piece also highlights a promoted project, Bitcoin Hyper ($HYPER), positioning as a Bitcoin Layer-2 with Solana-like speed, reporting a presale raise and staking rewards. Key takeaways for traders: watch Bitcoin stability and ETF flows, treat any altcoin rallies as likely corrective while tracking daily closes at the specified resistance levels, and manage risk given thin alt liquidity and continued market capitulation.

Bearish

The article describes broad risk-off market conditions driven by Bitcoin weakness and consecutive ETF outflows—factors that historically coincide with extended altcoin underperformance. XRP, DOGE and SHIB are within long-term descending channels and only show oversold RSI readings, which typically produce short-lived relief bounces rather than trend reversals. The piece identifies clear resistance levels where rallies are likely to fail unless daily closes confirm reclaiming channel structure. Given thin liquidity, capitulation behavior, and capital rotation out of speculative assets, downside targets (XRP $1.40, DOGE $0.09, SHIB $0.0000060) are credible if confirmations fail. Short-term impact: increased volatility and potential quick bounces that are likely sellable—traders should use tight risk management and prefer confirmation via daily closes before adding positions. Long-term impact: continued bearish structure for these altcoins until Bitcoin stabilizes and ETF flows reverse; structural recovery would require sustained BTC strength and improved liquidity. The Bitcoin Hyper promotion does not materially alter market dynamics but reflects continued investor interest in Bitcoin infrastructure projects during capitulation phases.