XRP news today: Bitcoin Dips 0.5% to $95,484 Despite Golden Cross Shiba Inu Volume Drops 50% as Price Hovers Above $0.00001296 XRP Consolidates Near $2.19 Amid Low Volume and Uncertain Momentum

Generated by AI AgentCoin World
Monday, May 5, 2025 2:13 am ET2min read
BTC--

Bitcoin (BTC) has recently shown signs of weakness despite the formation of a golden cross, a technical indicator that typically signals a bullish trend. The price of Bitcoin has dipped slightly to $95,484 after attempting to rise towards $96,000, but the momentum has not been sustained. The golden cross has not generated the expected institutional interest or volume spike needed to initiate a long-lasting rally. The current price structureGPCR-- suggests that Bitcoin may revert to the $91,000 support zone if momentum does not pick up quickly. The absence of buying pressure following the breakout is concerning, and the macro environment remains significant with ETF flows subsiding and overall market sentiment being risk-averse due to macroeconomic uncertainty.

Bitcoin's price could consolidate between $91,000 and $96,000 in the absence of new catalysts. Traders should closely monitor the $91,000-$90,000 level in the near future. A breakdown below this zone could invalidate the recent bullish structure, while a clean breakout above $97,000 with fresh volume could reignite bullish momentum. From a structural perspective, it is technically encouraging that Bitcoin has regained all of the major EMAs (50, 100, and 200), but the lack of buying pressure is a cause for concern.

Shiba Inu (SHIB) is facing a significant challenge with a concerning drop in trading volume, which may jeopardize its short-term price momentum. The meme token is currently trading just above the $0.00001296 threshold, and its daily volume has dropped to some of the lowest levels in recent weeks. Volume is often used as an indicator of investor interest and buying pressure, and SHIB's current trajectory is a warning sign. The token recently attempted to rise above significant resistance levels, but any gains were quickly halted by the lack of follow-through volume. With momentum waning and the Relative Strength Index (RSI) falling close to neutral territory, SHIB is gradually moving towards the 50-day EMA, which is located at the $0.00001274 level. The next logical zone of support would be the $0.0000120-$0.0000118 region if SHIB were to lose the 50 EMA support. Technically, a bounce from the current configuration is still feasible, but the odds are more in favor of consolidation or additional retracement than a fresh lead.

The abrupt decrease in volume is a warning sign. Future attempts at recovery are likely to be short-lived or possibly fail completely if there is not enough trading activity to support price movements. This kind of volume collapse has historically preceded sideways movement or further declines in assets such as SHIB, particularly when there are no powerful catalysts present.

XRP is currently consolidating within a narrowing range, displaying signs of weakness as it holds above the $2 threshold. A classic volatility squeeze is indicated by the flattening volume and visible descending channelCHRO--, historically producing sharp directional moves. The issue is that it’s unclear which way XRP will break. With its current price around $2.19, XRP is perilously close to a significant support level. A decline below $2 might set off a more extensive retracement, moving the asset towards the 200 EMA at $1.99. There appears to be no discernible momentum as the RSI stays neutral at about 51. Traders are clearly waiting for a catalyst before making a commitment as evidenced by the dry spell in volume.

Potential energy accumulation is the drawback of this low-volatility environment. The $3 mark would be the next psychological and technical target if XRP is able to secure a daily close above $2.25-$2.30 and break above the upper boundary of its descending channel. The contradictions in XRP’s signals are the problem. A bullish continuation pattern may develop as a result of the price action’s consolidation. However, there are concerns raised by the lack of volume and the inability to generate long-term momentum following prior rallies. The $3 target is conceivable but not assured due to market-wide uncertainty and XRP’s internal resistance levels.

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