XRP Surges 20% Amid Bullish Market Shift Ethereum Faces Selling Pressure, $2,000 Mark Elusive Shiba Inu Struggles to Break Resistance, Sixth Recovery Attempt Unclear

XRP has shown a significant recovery, rising by approximately 20% after hitting recent lows. This rebound has been marked by the asset regaining several resistance levels, indicating a shift in market dynamics where buyers are gradually taking control after weeks of bearish dominance. Currently trading near $2.38, XRP is approaching the 100-day Exponential Moving Average (EMA), a historically significant resistance level. If XRP can break through this barrier, it may signal the start of a more prolonged bullish phase, with price targets extending toward the upper boundary of the descending channel at $2.60. The recovery is further supported by increasing trading activity, which suggests a change in market positioning rather than a mere phased reaction. The Relative Strength Index (RSI) is also shifting out of the oversold area, indicating a healthier market state. However, the overall cryptocurrency market remains volatile, and sustained demand is crucial for XRP to continue its upward trajectory. If the 100 EMA is not broken, there may be another pullback, potentially retesting lower levels around $2.20.

Ethereum (ETH) is facing strong selling pressure, making the $2,000 mark increasingly elusive. Recent price action shows that bearish momentum is still dominant, despite slight recoveries. The market's selling volume has significantly increased, indicating that a large number of entities are selling their ETH holdings. A spike in volume during a downtrend typically suggests strong seller conviction, making it harder for the price to turn around. Ethereum's price action shows difficulty in maintaining upward momentum, with significant resistance levels at the 50-day and 100-day EMAs keeping the asset below important moving averages. Any recovery attempt may not last long until ETH regains these levels. The market sentiment surrounding Ethereum is heavily influenced by the $2,000 psychological threshold. If ETH cannot retest this level, it may signal further losses, potentially declining toward the next support zones at $1,800 and possibly lower. Buyers are holding off on entering the market until a more distinct bottom formation has formed, and a change in market sentiment is necessary for ETH to escape this selling cycle.

Shiba Inu (SHIB) is making its sixth attempt to recover lost ground, but its upside potential is challenged by strong resistance levels and an ongoing downtrend. Currently circling the $0.000012 level, a critical support area in recent months, SHIB's momentum remains unclear. The general state of liquidity and overall market sentiment continue to be crucial factors in assessing whether this attempt will differ from earlier unsuccessful recoveries. Technically, SHIB is struggling to stay above its 50-day moving average, which is currently supporting downward pressure. The asset is still trading below the 100- and 200-day moving averages, emphasizing the market's bearish hegemony. Any short-term rebound is tentative until these levels are regained. The next significant resistance level for SHIB is $0.0000135, where the last unsuccessful recovery attempt was rejected. If the asset can break through, the $0.000015 region, a crucial psychological level for traders, may be the next target. On the downside, if SHIB cannot maintain its position above the $0.000012 level, it may retest the $0.000011 support zone. A breakdown below this region could accelerate losses, moving closer to the crucial $0.00001 mark.