Unleash the Power of Crypto: Shiba Inu's Resilience, Ethereum's Rise, and XRP's Stability

Shiba Inu Faces Crucial Test as Investors Remain Cautious

Shiba Inu Struggles to Break Key Resistance

Shiba Inu (SHIB) is approaching a critical juncture as it grapples with a significant resistance level. For the past two days, the meme token has been unable to overcome the $0.00001336-$0.00001390 range, where the 26-day, 50-day, and 100-day Exponential Moving Averages (EMAs) converge.

The repeated rejection by the 26 EMA signals hesitation among market participants to push prices higher. Without improving market sentiment or fundamentals, this resistance could lead to a breakdown.

Potential Support Test Looms

The $0.00001200 support level has held since mid-May, but it now faces serious pressure. If selling volume increases following further rejections at the 26 EMA, SHIB may retest this critical support. Investors should remain cautious as this level may not hold.

Outlook Remains Uncertain

The 26 EMA continues to act as a strong ceiling for SHIB. Without significant new inflows or a major market catalyst, the token appears more likely to experience a deeper correction. Traders should closely watch the $0.00001200 support level and prepare for potential volatility.

Ethereum Poised for Breakout as Bulls Regain Momentum

Bullish Technical Setup

Ethereum (ETH) shows strong potential for a breakout, with a clear path toward the $3,000 mark. Currently trading around $2,750, ETH has successfully broken out of its May consolidation pattern and cleared key resistance levels.

The technical picture looks promising, with all major moving averages (50, 100, and 200-day EMAs) providing solid support below the current price. This foundation strengthens the case for continued upward movement.

Bullish Momentum Building

Increasing volume on recent upward moves suggests growing buyer interest. The Relative Strength Index (RSI) sits comfortably above 60, indicating bullish momentum without being overbought. These factors suggest the market is gaining strength rather than peaking.

Path to $3,000 Looks Clear

With no significant technical barriers above current levels, ETH's main obstacle to reaching $3,000 is sentiment-driven resistance. A sustained push fueled by market optimism or positive developments like ETF news could easily propel Ethereum to new local highs. Traders should watch for gradual movement toward the $2,900-$3,000 range if support at $2,600-$2,650 holds.

XRP Consolidates Above Key Support, Signaling Potential Upside

Strengthening Support at $2

XRP is showing signs of stabilization, with the $2 level developing into solid support. Currently trading at $2.24, the asset remains above its 200-day EMA - a historically reliable indicator during bullish transitions.

Consolidation Above 200-day EMA

XRP has consistently respected its 200-day EMA at $2.09, with multiple tests in early June failing to push prices lower. Instead, each test was met with strong buying interest, allowing XRP to recover above its 50-day and 100-day EMAs ($2.25-$2.26).

Neutral RSI Suggests Coiling Action

The RSI remains neutral, indicating neither overbought nor oversold conditions, while trading volume has stayed consistent. This consolidation above the 200 EMA confirms that the $2 level has evolved from psychological to structural support.

This shift improves XRP's risk-reward profile, making a drop below $2.09-$2.10 less likely. Instead, the asset appears positioned for potential upward movement toward resistance levels like $2.60.