The post Crypto Market Review: XRP’s $991 Million Bounce, Ethereum (ETH) Back in Green Zone, Shiba Inu (SHIB) Only Looking Up appeared on BitcoinEthereumNews.com.

Ethereum’s key move Shiba Inu pushes through Following weeks of consistent selling pressure, XRP has made a significant comeback, with major exchanges seeing a spike in trading activity as buyers returned to the market. In the most recent move, bounce-related trading volume of almost $991 million was recorded across leading venues, including Binance, suggesting that risk appetite is temporarily returning. As sellers maintained momentum, the asset had been trading inside a consistent downward channel, repeatedly failing to reclaim important moving averages. Every rally attempt in the last few weeks was swiftly sold off, driving XRP closer to oversold territory and eroding trust among institutional and retail investors. XRP/USDT Chart by TradingView However, buyers are aggressively entering close to support zones and causing a sharp reaction move, as evidenced by the recent price action. During the bounce, volume spikes are especially crucial. Without volume, a recovery usually wanes quickly, but the nearly billion-dollar spike indicates that a sizable amount of capital was used to counteract sell pressure. Crypto Market Review: XRP’s $991 Million Bounce, Ethereum (ETH) Back in Green Zone, Shiba Inu (SHIB) Only Looking Up Bitcoiners Slam The FT Over Calling Bitcoin to Drop to Zero Because of this, XRP has been able to recover short-term levels that served as breakdown points in the past, allowing traders to reevaluate their positions. The temporary exhaustion of sellers is also indicated by momentum indicators. After being severely oversold, RSI readings are now curling upward, which is usually an indication that downside pressure is abating and that short-term recovery efforts can proceed. Simultaneously, the move gains credibility as futures and spot flows indicate renewed buying interest rather than brief covering. But caution is still necessary. Since weekend liquidity conditions frequently amplify price fluctuations, the true test will come when full market participation resumes.…

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Filed under: News - @ February 9, 2026 4:17 am