XRP Resistance Sparks Crypto Bearish Reversal in ETH & SHIB
Crypto bearish reversal dominates digital assets as XRP, Ethereum and Shiba Inu falter at key resistance. XRP’s rally stalls at $2.55–$2.60, where 50-, 100- and 200-day EMAs converge. Volume plunged and RSI settled at 50, highlighting weak buyer demand. Failure to clear the resistance traps XRP in a midterm downtrend.
Ethereum faces similar headwinds. ETH rejected at its 200-day moving average near $3,980 and cannot maintain above $3,550. Declining EMA slopes and an RSI below 45 reflect buyer fatigue. Traders should watch support around $3,300–$3,400 for potential relief.
Shiba Inu suffered a false breakout above $0.0000107 at the 50-day EMA. The token dropped over 2.5% on low volume and saw its RSI dip to 45. The pattern of lower highs signals a bearish continuation, with support near $0.0000090 and $0.0000085 in focus.
This crypto bearish reversal underscores the importance of resistance zones and momentum indicators. Traders may consider short positions or wait for volume surges to confirm breakouts. Monitoring RSI and EMA confluence can guide entry and exit decisions amid ongoing market volatility.
Bearish
The repeated failures at key resistance levels for XRP, Ethereum and Shiba Inu signal a clear shift to seller control. XRP’s inability to breach its 50–200-day EMA cluster at $2.55–$2.60 mirrors past reversals, while ETH’s rejections at the 200-day moving average and SHIB’s false breakout denote waning buyer conviction. In the short term, traders may see further tests of support bands around $2.35 for XRP, $3,300 for ETH and $0.0000090 for SHIB, favoring bearish strategies like shorts or protective stops. Historically, prolonged holds at major EMAs without volume confirmation have led to extended consolidations or declines. Over the long run, the lack of bullish catalysts and sustained selling pressure on momentum indicators (RSI, EMA slopes) suggest that the downtrend may persist until fresh demand or significant market events emerge.