XRP News Today: XRP Faces 50% Decline Risk as Key Support Tested Shiba Inu Breaks Below $0.00001300 Amid Bearish Sentiment Bitcoin Stabilizes Near $104,000 After Sharp Correction

XRP is currently facing a critical test at its 200-day Exponential Moving Average (EMA), a key support level that could dictate its near-term trajectory. Trading near $2.16, the asset is under increasing pressure, and failure to maintain this level could trigger a substantial downward move. The next major support zone lies near $1, which would represent a near 50% decline from recent highs, underscoring the importance of this threshold.
Ask Aime: Will XRP lose or gain ground if it breaks its 200-day EMA?
The recent intraday bounce off the 200 EMA suggests that buyers remain active in defending this support. However, the formation of lower highs and a descending triangle pattern over recent weeks signals underlying weakness. This technical setup is compounded by declining trading volumes, indicating waning market participation as XRP approaches this critical price point.
The Relative Strength Index (RSI) currently sits just below 45, reflecting a neutral to slightly bearish momentum. A bullish reversal could materialize if XRP manages to break above the resistance cluster between $2.25 and $2.26, which includes the 50 and 100 EMAs. Surpassing these levels may alleviate selling pressure and pave the way for renewed upward momentum targeting $2.50 and beyond. Market participants should closely monitor these technical indicators to gauge the asset’s next directional move.
Ask Aime: Should I buy XRP now, or wait for the 200-day EMA test?
Shiba Inu (SHIB) has suffered a significant setback after breaking below a key horizontal support level near $0.00001300, which had previously served as a foundation for multiple bounce attempts. Currently trading around $0.00001230, SHIB has also breached its local trendline support, signaling a deterioration in short-term market sentiment. The asset is firmly positioned below its 50, 100, and 200 EMAs, all of which are trending downward, reinforcing the bearish outlook.
The breakdown was accompanied by notable trading volume, confirming strong sell-side pressure. The next psychological and structural support level is near $0.00001000, which could be tested if SHIB fails to reclaim the mid-May support zone. RSI readings at 43 indicate the asset is nearing oversold conditions, but further declines remain possible before a meaningful reversal can occur.
Since peaking in late 2023, Shiba Inu has been entrenched in a prolonged downtrend, with recent price action reinforcing this trajectory. Without fresh catalysts—either technical or fundamental—to stimulate demand, sellers are likely to maintain control. Momentum traders may accelerate the decline toward $0.00001000 if SHIB cannot close above $0.00001300 in the near term. The price reaction at this next support level will be critical in determining whether SHIB can stage a midterm recovery or continue its slide toward multi-month lows. Investors are advised to exercise caution given the current bearish setup.
After a sharp correction from highs near $112,000, Bitcoin has found footing around its 50-day EMA, currently trading near $104,000. This level is widely regarded as a dynamic support, and the recent intraday bounce suggests that buyers remain engaged. Momentum indicators, including the RSI, have rebounded from neutral territory, hinting at potential upside if bullish momentum sustains.
Bitcoin’s relationship with the 26-day EMA will be pivotal in the coming sessions. A decisive move above this shorter-term moving average could catalyze a swift relief rally, potentially retesting the $107,000 to $108,000 range. However, the absence of significant volume expansion during the recent bounce raises questions about the strength of this recovery.
For a confirmed reversal, Bitcoin must hold above the 50-day EMA and reclaim the 26-day EMA. Failure to do so may prompt a retest of the critical $100,000 support level, which also aligns with a previous breakout zone from April. Volume remains a crucial factor to watch, as sustained buying interest is necessary to validate any bullish continuation. Until these conditions are met, Bitcoin’s short-term outlook remains cautiously optimistic but uncertain.
The cryptocurrency market is exhibiting mixed signals as XRP battles to maintain its 200-day EMA support, Shiba Inu faces intensified selling pressure below key levels, and Bitcoin shows tentative signs of stabilization near its 50-day EMA. Traders and investors should monitor these critical technical thresholds closely, as they will likely dictate the near-term direction of these major assets. Maintaining discipline and adhering to risk management principles remains essential amid this volatile environment.
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