XRP Stalls, ETH Fails to Break $4,000, SHIB Rally Fizzles
Overnight, the crypto market shifted from bullish to bearish, with XRP blocked below key resistance, Ethereum failing to reclaim the $4,000 level, and Shiba Inu’s recent breakout reversing into a fakeout.
XRP trades at $2.46, unable to overcome the $2.55–$2.60 resistance zone formed by 50-, 100- and 200-day EMAs. Volume spiked briefly during the rally but plunged as sellers entered. The RSI sits at 50, indicating neutral momentum and challenging any decisive breakout.
Ethereum also shows weakness: repeated rejections at the 200-day MA near $3,980 and failure to hold above $3,550 suggest buyer fatigue. The 50- and 100-day EMAs trend lower, and the RSI around 43 points to bearish sentiment. A sustained close above $3,900–$4,000 is needed for a reversal; otherwise, ETH may drift back to $3,400–$3,300 support.
Shiba Inu’s brief advance above the 50-day EMA at $0.0000107 quickly reversed, dropping over 2.5% in a classic fakeout. With RSI near 45 and declining volume, SHIB risks retesting support at $0.0000090 or even $0.0000085. Traders should monitor key resistance breakouts or potential further declines.
Bearish
Technical indicators for XRP, Ethereum and Shiba Inu all point to bearish momentum. XRP’s repeated rejections at a dense EMA resistance cluster have trapped the price in a midterm decline, mirroring past rallies stalled by similar barriers. Ethereum’s failure to hold above key moving averages and its RSI below neutral reflect buyer exhaustion, akin to its September downturn when the 200-day MA repeatedly capped gains. Shiba Inu’s swift reversal after a breakout above the 50-day EMA is a classic fakeout, often followed by deeper corrections seen in previous cycles. In the short term, traders should brace for continued consolidation or further declines as sellers dominate. Long term recovery hinges on decisive breakouts above resistance levels or renewed fundamental catalysts; absent these, market sentiment may remain subdued.