Shiba Inu and XRP Test Resistance as Bullish Momentum Fades
In brief
- Shiba Inu tests the 100-day EMA at $0.00000500, a level that has repeatedly capped the meme coin's rallies.
- XRP broke above $1.00 support with volume but lost momentum approaching the $1.09–$1.10 moving-average cluster.
- Both tokens remain below longer-term exponential moving averages; failure to break resistance risks retesting lower support.
- SHIB RSI eased from overbought extremes, indicating excessive bullish momentum has been eliminated without major sell-off.
Shiba Inu's 100-Day Test
After rising from local lows, Shiba Inu has made an impressive short-term comeback. The meme coin is currently testing the 100-day EMA, which has frequently served as a ceiling during the wider decline. SHIB recently saw a dramatic increase in buying volume on the daily chart, resulting in one of the strongest green candles in weeks.
The initial surge triggered an overbought reading. The RSI momentarily rose above 70, indicating overbought conditions. That said, the RSI has eased toward the high 50s, indicating that excessive bullish momentum has already been eliminated without causing a significant sell-off.
SHIB is currently trading above both its 26-day and 50-day exponential moving averages. The 100-day EMA, which is presently at the $0.00000500 level, remains the critical hurdle. A successful daily close above the 100-day EMA would raise SHIB above all of its shorter-term moving averages and change the direction of the market structure to one that is more optimistic.
The bearish backdrop persists. The long-term 200-day EMA, which is still significantly higher and still sloping downward, remains a headwind for sustained upside. Failure at current levels would probably push SHIB back toward the 50-day EMA, which is now the first significant support.
XRP's Recovery Ceiling
XRP is encountering a well-known challenge in its most recent attempt at recovery. After weeks of persistent weakness, buyers intervened, and XRP rose from the support area around $1.00. The price eventually broke higher with a discernible increase in volume, making the bounce initially encouraging.
The rally stalled. XRP briefly surpassed a number of short-term resistance levels as a result of that breakout, but the rally soon lost steam as it approached the moving-average cluster at $1.09–$1.10. Right now, XRP is trading slightly below the 50-day and 100-day exponential moving averages.
Both tokens are caught between near-term bullish structure and longer-term bearish headwinds. Neither has yet proven it can sustain a break above its key moving-average resistance, and the fade in momentum suggests caution remains warranted.
