The post SHIB and XRP show signs of life at key support levels appeared on BitcoinEthereumNews.com.

SHIB and XRP are both testing historically significant support zones, with technical indicators hinting at a potential shift in momentum as traders watch for key breakout levels to confirm a trend reversal. Shiba Inu (SHIB) is currently trading at $0.00001157, which is within a historically significant support zone around the $0.00001150–$0.00001250. This level has been tested multiple times and acted as major support throughout the consolidation phase between August to September last year, suggesting it’s an important line of defense for buyers. Even though the overall trend is still bearish, with SHIB price trading below all key moving averages, momentum indicators reflect a slight cooling of bearish pressure. The Relative Strength Index is hovering around 42.81, neither oversold nor strong, suggesting weak bearish momentum but also room for recovery. RSI has also been flat-lining, which often precedes a bounce—especially when paired with key support. The MACD histogram is flat, indicating that selling pressure may be losing steam. A break above the $0.00001212–$0.00001270 resistance cluster, which includes the 20-day EMA and approaches the 50-day SMA, would be the first meaningful signal of strength. This range previously acted as support multiple times last year, particularly between August and October, before it broke and flipped into resistance, making it a key support-turned-resistance area. Once this is cleared, it opens the door toward the $0.00001545 area (100-day SMA) as the next upside target. Source: TradingView Ripple (XRP) is currently trading at $2.0749, the level which acted as support in mid-to-late December last year, before it broke out sharply into a bullish rally, reaching highs near $3 by early January. The price also recently made a higher high and tried to reclaim 20-day Exponential Moving Average ($2.1039) and even briefly tested the 50-day Simple Moving Average ($2.2375), signaling a possible breakout effort. It also recently…

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Filed under: News - @ April 16, 2025 4:29 pm