XRP Flirts With a Bearish Signal—But It’s Not All Doom Yet
XRP is dancing on the edge of what traders call a “mini death cross”—a technical pattern that often hints at more downside ahead. Right now, the 50-day and 26-day exponential moving averages (EMAs) are nearly touching around the $2.25-$2.30 range. If they cross, it could spook an already shaky market.
But here’s the thing: this isn’t the classic 50/200-day death cross, which carries heavier weight. Still, in a market where confidence is thin, even smaller signals can shake things up. The problem? Trading volume has been lukewarm, meaning neither buyers nor sellers are going all in. That leaves XRP vulnerable to sharp moves—up or down—especially if this technical setup plays out.
If XRP can’t push back above those converging EMAs, $2.00 might be the next stop. On the flip side, a solid break above $2.35-$2.40 with stronger volume could defuse the bearish signal and maybe lure some hesitant buyers off the sidelines. The RSI, hovering around 53, doesn’t show much momentum either way. It’s a standoff, and nobody’s blinking yet.
Shiba Inu’s Struggle: No Momentum, Just Resistance
Shiba Inu (SHIB) is stuck in a frustrating loop. Normally, even a weak rebound would at least push past the 26-day EMA—a basic sign of short-term momentum. But SHIB can’t even manage that. It’s trading around $0.00001274, with every attempt to climb higher getting smacked down.
What’s worse? Volume has picked up, but the price isn’t moving. That usually means sellers are absorbing every bit of demand. SHIB is trapped below all its major moving averages, and the 26-day EMA is acting like a brick ceiling. The RSI, stuck below 50, confirms the weakness—no bullish divergence, no hidden strength.
Until SHIB can close above those key EMAs, any talk of a real recovery is just guesswork. Right now, it’s a coin with too much supply and not enough conviction.
Bitcoin Breaks Out—But Where’s the Excitement?
Bitcoin finally did it. After weeks of grinding, BTC broke through the $109,000 resistance and snapped that stubborn downtrend from early June. On paper, it’s a big deal—a clear shift in structure.
But something’s missing. The breakout volume? Underwhelming. Instead of a flood of new buyers, this feels more like sellers just ran out of steam. That’s not exactly the explosive rally traders hoped for.
The good news: Bitcoin is holding above the 50-day and 26-day EMAs (around $106,500 and $106,400, respectively). If it stays there, sidelined money might start trickling back in. But until volume picks up and buyers show real commitment, this breakout could still turn into another fakeout.
For now, it’s a step forward—just not a confident one. The market’s still waiting to see if Bitcoin can actually make this stick.
