XRP News Today: XRP's Descent and SHIB's Ascent: Crypto at a Crossroads as Technical and Regulatory Forces Collide

XRP faces a critical juncture as it breaches key technical levels, raising concerns of a deeper correction. The token has fallen below its 100-day and 200-day exponential moving averages (EMAs), with the 100-day EMA now acting as resistance after years of dynamic support. This breakdown has accelerated a decline toward $2.50, with the 200-day EMA at $2.64 serving as the next immediate support level. Trading volumes remain subdued, amplifying bearish sentiment as buyers hesitate to reenter the market. Analysts warn that a sustained break below $2.50 could trigger a retest of $2.30, further eroding confidence.

The broader market context adds pressure. XRP's price action within a descending triangle pattern, marked by lower highs and failed rebounds, signals ongoing weakness. Meanwhile, Bitcoin (BTC) has reached a local peak near $120,000, with technical indicators suggesting a consolidation phase ahead. The RSI for BTC hovers near 60, indicating waning bullish momentum, while the 20-day EMA at $117,000 and the 100-day EMA at $113,000 are critical support levels to watch.

Shiba Inu (SHIB) exhibits early signs of a bullish reversal. After months of consolidation, SHIB has rebounded from the $0.0000115 support level, a historically significant floor. Whale accumulation of 62 billion SHIB tokens in recent days and a surge in token burns-up 1,661% in a single day-suggest growing institutional interest. On-chain metrics, including rising open interest and declining exchange reserves, further support a potential rally toward $0.0000135. However, a breakdown below $0.0000115 could extend the downtrend to $0.000010.

Regulatory developments for XRP remain pivotal. The resolution of Ripple's long-standing SEC litigation in August 2025 has catalyzed optimism, with the launch of the first U.S.-listed XRP ETF, REX-Osprey XRPR, in September. Analysts project that approvals of additional XRP ETFs by October 25 could inject $5–$11 billion into the asset, potentially driving price discovery beyond current levels. However, XRP's ability to regain institutional traction hinges on its performance against key EMAs and macroeconomic factors, including Fed policy and geopolitical tensions.

Technical analysis underscores the fragility of XRP's short-term outlook. The RSI at 48 and narrowing MACD divergence indicate neutral but weakening momentum. For SHIB, the RSI's recent climb above 67 and the 20-day EMA at $0.00001249 suggest buyers could push the token toward $0.0000135 if the 200-day EMA at $0.000013 is breached. Conversely, a failure to hold these levels could prolong the bearish trend.

The path forward for XRP and SHIB remains contingent on structural support and institutional sentiment. XRP's 200-day EMA at $2.64 and SHIB's $0.0000115 level are critical pivots. For BTC, the $120,000 peak may mark a temporary apex, with the 50-day EMA at $114,000 as the next key test. While XRP's regulatory clarity and SHIB's on-chain strength offer upside potential, macroeconomic headwinds and liquidity constraints pose risks to near-term recovery.

Source: [1] Did XRP Just Lose Most Important Support of 2025? (https://u.today/did-xrp-just-lose-most-important-support-of-2025)

[2] XRP Rejected at $2.93, Tests $2.85 Support After Failed Breakout (https://www.coindesk.com/markets/2025/10/09/xrp-rejected-at-usd2-93-tests-usd2-85-support-after-failed-breakout)

[3] XRP Plummets Below Key Support, Is a Deeper Descent Unavoidable (https://thecurrencyanalytics.com/altcoins/xrp-plummets-below-key-support-is-a-deeper-descent-unavoidable-134885)

[6] Post-SEC Clarity: XRP Primed for Institutional Adoption and Global Bridge Currency Leadership (https://markets.financialcontent.com/wral/article/breakingcrypto-2025-10-6-post-sec-clarity-xrp-primed-for-institutional-adoption-and-global-bridge-currency-leadership)

[10] Crypto Market Prediction: XRP to Enter Freefall, Critical Support Lost (https://u.today/crypto-market-prediction-xrp-to-enter-freefall-critical-support-lost-bitcoin-btc-hits-120000-top)

[11] Shiba Inu (SHIB) Price Prediction: Shiba Inu Rebounds from $0.0000115 Support as Momentum Targets $0.0000205 Breakout (https://bravenewcoin.com/insights/shiba-inu-shib-price-prediction-shiba-inu-rebounds-from-0-0000115-support-as-momentum-targets-0-0000205-breakout)

[12] Will SHIB Price Trigger Bullish Reversal? (https://www.xt.com/en/blog/post/will-shib-price-trigger-bullish-reversal)