Shiba Inu (SHIB) to Add Zero? Three XRP Tests Just Happened, Ethereum (ETH) Golden Cross Next in Line? – MAXBIT

XRP has once again demonstrated its tenacity by surviving the 200-day exponential moving average, a crucial technical zone. Three times in the past few trading sessions XRP has tested the 200 EMA, each time recovering with significant strength. The long-term trend indicator is now a significant support level and a crucial indicator of investor sentiment as a result of these repeated tests.

As can be seen from the chart, XRP regularly fell to test the 200 EMA (black line) in the $2.09-$2.10 range during June. Every touch led to a strong recovery, indicating that when the asset reaches this fundamental support buyers are acting quickly. Bulls need a stable base to form during erratic market conditions, and this type of repeated interaction with a major moving average without breaking below it frequently suggests the formation of one.

Although XRP is still technically range-bound between its 200 EMA support and its 50 EMA resistance, a breakout could occur soon as this range narrows. There is still potential for an upward push without going into overbought territory because the RSI indicator is still in the mid-40s, indicating neutral momentum. Although there hasn’t been a significant increase in volume traders, increasing confidence is demonstrated by the steady buying interest at support zones. XRP may quickly retest the $2.60-$2.70 range if it is able to turn its 50 and 100 EMA levels (~$2.25-$2.30) into support.

All things considered, these three successful tests of the 200 EMA are more than just transient bounces; they strengthen XRP’s structural integrity and pave the way for a more robust recovery, assuming the overall market stays steady. To validate this bullish setup bulls will now be watching for a clear push above the short-term EMAs.

Shiba Inu in trouble?

Shiba Inu is on the verge of a serious psychological collapse, also known as the adding a zero scenario. The asset has gone into freefall, and the likelihood that SHIB will plunge even deeper into the abyss is growing every day based on the current price performance. As of this writing, SHIB is trading significantly below important moving averages such as the 50, 100 and 200 EMAs at around $0.00001195.

For weeks, price action has been trapped beneath these resistance levels and every attempt at a recovery has fallen short, indicating a market devoid of conviction or robust buying momentum. Technically speaking, the key structural level that held the line during previous corrections, the support zone around $0.00001231, has been broken.

There is more to this breakdown than just another dip. Investors and whales may be losing hope in the asset’s immediate recovery, according to this potential signal. The volume does not exhibit any bullish divergence. Actually, it has been steadily dropping, which indicates that even at these discounted levels interest is waning.

The RSI is hovering close to oversold territory, but it is only a warning and not a buying signal in the absence of bullish confirmation. The expression “adding a zero” describes a price tier drop that adds a new decimal place, in other words, SHIB falling below $0.00001000. That level might be broken sooner rather than later if the present selling pressure is not stopped.

The odds are still stacked against further downside unless SHIB experiences a significant reversal with volume confirmation or a significant catalyst. As of right now, the meme coin is not motivated by hype, which is a significant issue in a bear market. Investors should exercise caution as SHIB runs the risk of turning into a warning story rather than a success story.

Ethereum’s chance

Ethereum is on the cusp of a potentially technical advancement: the creation of a golden cross. The setup is growing more likely every day as the 50-day moving average quickly approaches the 200-day moving average. The crossover will probably occur unless there is a significant correction in ETH over the next week, which historically indicates the beginning of a mid- to long-term bullish trend.

Ethereum, which is currently trading at about $2,521, has proven to be very resilient despite recent market volatility. After recovering from the lower edge of a clearly defined ascending channel, the asset has continued to trade above its 100 EMA. This rebound was not an accident, rather, it serves as further evidence that these areas are still seen by market players as good places to accumulate.

With no significant sell-offs in recent days, volume is still steady and the RSI is slightly below 50, providing some neutral breathing room for a possible momentum buildup. The foundations of Ethereum still contribute to the stabilization of investor sentiment.

The story is further fueled by the golden cross setup. Although there is no guarantee of immediate upside, this pattern frequently signals a change in the sentiment of the medium-term trend. The bullish crossover is nearly certain if Ethereum stays above the crucial support level between $2,450 and $2,500 and stays clear of falling below the 100 EMA.

Confirmation indicators for investors include rising volume on green days, RSI above 50 and solid closes above $2,600. These would imply that Ethereum is not only gaining traction but also laying the groundwork for a long-term breakout, possibly reaching $3,000 within the next month. If it is verified, the golden cross might be the catalyst.