The post This is XRP’s Last Chance, Shiba Inu (SHIB) Lost Another Level, Bitcoin (BTC) Bulls Are Here appeared on BitcoinEthereumNews.com.

Shiba Inu plunges Bitcoin stabilizes When XRP tests its 200-day Exponential Moving Average, a crucial long-term support level that has continuously served as a base for reversals throughout the asset’s history, it is at a pivotal point. Pressure is increasing, and a major downward spiral could be triggered if this line is not maintained. A robust intraday bounce from the 200 EMA indicates that buyers are still defending this level as XRP is currently trading close to $2.16. But the possibility of a breakdown is very real. The next likely support zone, which is dangerously lower and around the $1 mark, would essentially cut XRP’s value in half from its recent highs if the asset decisively loses this support. XRP/USDT Char by TradingView This is the final genuine chance for XRP to rise before it plunges into bearish oblivion at its current level. With lower highs regularly forming and a descending triangle pattern evident, price action over the last few weeks has already demonstrated weakness. Concern is further increased by the decreasing volume, which shows that even as the asset gets closer to a crucial price point, fewer participants are expressing interest. A neutral but somewhat bearish bias is indicated by the RSI, which is currently just below 45. On the other hand, a reversal pattern may begin if bulls are able to push XRP above the group of resistances around $2.25-$2.26, including the 50 and 100 EMA levels. That would ease some of the pressure and possibly rekindle the momentum in the direction of $2.50 and higher. Shiba Inu plunges With a sharp decline below a crucial horizontal support level that served as a solid foundation for several previous bounce attempts, Shiba Inu has taken yet another bearish hit. The price, which is now trading at about $0.00001230, has…

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Filed under: News - @ June 7, 2025 4:24 am