Crypto Market Review: XRP is Blocked Between Two Levels, Bitcoin’s (BTC) First Key Resistance Updated, Did Shiba Inu (SHIB) Finally Bottom?
The post Crypto Market Review: XRP is Blocked Between Two Levels, Bitcoin’s (BTC) First Key Resistance Updated, Did Shiba Inu (SHIB) Finally Bottom? appeared on BitcoinEthereumNews.com.
The crypto market is approaching several key technical turning points as major assets move within tightening structures that could soon trigger larger price swings. While some coins are struggling with resistance during recovery attempts, others appear to be stabilizing after prolonged declines, setting up potential breakout scenarios. XRP haven’t locked in enough At the moment, XRP is stuck in a tightening range that restricts its price movement and makes it impossible for it to move in a clear direction. A rising support trendline from recent lows, and the declining 26-day exponential moving average serving as resistance, are two crucial levels that the asset is consolidating between. The next breakout could decide the market’s short-term course, because this compression has essentially locked XRP into a small range. Crypto Market Review: XRP is Blocked Between Two Levels, Bitcoin’s (BTC) First Key Resistance Updated, Did Shiba Inu (SHIB) Finally Bottom? XRP Faces Liquidity Crunch on Binance, Shiba Inu Burn Rate Jumps 53,954%, Rockefeller Buys 146% Stake in Saylor’s Strategy — U.Today Crypto Digest XRP/USDT Chart by TradingView After recovering from a steep decline earlier in February that brought the price close to the $1.25-$1.30 range, XRP is currently trading around $1.40. Buyers reacted strongly to that selloff, creating a sequence of higher lows and the ascending trendline that is currently visible on the chart. Key trendline invalidated Since then, despite the overall bearish structure, this trendline has served as a short-term support level, keeping the price from falling further. The upside is still limited, though. XRP’s attempts to move higher have been repeatedly rejected by the 26 EMA, which is still sloping downward. Sellers intervene each time the asset gets close to this moving average, driving the price back toward support. Bulls must get past this dynamic’s obvious technical barrier in order to…
Filed under: News - @ March 6, 2026 5:22 am