One Drive to $3,000, XRP’s $2 Foundation is Safe Now

The asset may either stabilize or continue to decline as Shiba Inu approaches a crucial turning point. For the past two days, SHIB has been unable to overcome a significant resistance level, and it is currently trading at $0.00001277. This level corresponds with the 26-day Exponential Moving Average, which seems to be functioning as a strong rejection zone at this time. Price action has not closed above the $0.00001336-$0.00001390 range, where the 26 EMA, 50 EMA and 100 EMA are closely stacked despite several attempts to move higher. 

Two consecutive days of price rejection by the 26 EMA, in particular, is a strong technical indication that market participants are hesitant to commit to the upside. The market’s general hesitancy is reflected in this impasse. This week’s drop in volume indicates that neither bulls nor bears are very interested or convinced.

This lack of momentum around a key resistance, however, frequently comes before a breakdown, particularly when market sentiment or fundamentals are not getting better. Since mid-May, the horizontal support level around $0.00001200 has held, and this is the area of greatest immediate concern. There is a good chance that SHIB will retest that support if the 26 EMA rejection holds and selling volume rises.

Furthermore, the structure indicates that it might not hold this time. Investors need to exercise caution. The 26 EMA is essentially acting as a ceiling that, in the present circumstances, is becoming unbreakable. A deeper correction is more likely in the absence of new inflows or a potent macro catalyst.

Ethereum is close

Ethereum is poised for a big breakout, and it could cross the $3,000 mark with just one powerful growth wave. ETH is now trading at about $2,750 after breaking out of the narrow consolidation channel it had been following for the majority of May and clearing a significant resistance zone. 

Technically, things look good. Every major moving average, including the 50, 100 and 200-day EMAs, which act as layered support below the current price, is comfortably above Ethereum’s current level. With ETH recently confidently reclaiming the $2,600 level and soaring above $2,750, this foundation strengthens the bullish narrative.

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A slight increase in volume on recent green candles suggests that buyers are entering the market with new vigor. Because it is above 60, the Relative Strength Index (RSI) indicates bullish momentum without going into overbought territory. Instead of peaking, these indicate that the market is warming up. At this point sentiment-driven resistance is the only thing keeping Ethereum from reaching the psychological $3,000 level. 

A persistent push fueled by general market optimism or a catalyst like ETF news or network updates could easily send ETH into new local highs as there are not any significant technical barriers above the current levels. The next move for traders should be a slow grind up toward $2,900-$3,000 if the current support around $2,600-$2,650 holds. A rejection from this point would probably retest support at the 200-day EMA, which is at about $2,473. However, given Ethereum’s strengthening structure, that scenario now appears less likely.

XRP stands still

One significant conclusion from XRP‘s recent price behavior is that it is stabilizing, and the $2 price level is now beginning to form solid support for the asset. Above its 200-day EMA, which is currently at $2.09 and has historically been a dependable floor during bullish transitions, XRP is demonstrating strong resilience at the current price of $2.24. Long-term investors often use the 200 EMA to distinguish between the trend continuation and breakdown; it is not just technical jargon.

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Additionally, XRP has so far shown it complete respect. In early June bears tested this level several times but were unable to force a deeper decline. Rather there was a significant uptick in buying interest as XRP recovered and regained ground above its 50-day and 100-day EMAs ($2.25-$2.26).

The RSI is in neutral territory, indicating that the asset is coiling rather than overbought or oversold, while volume has stayed steady. The idea that $2 is now structural support rather than merely psychological support is supported by this consolidation that occurred just above the 200 EMA.

This changes the risk-reward profile in favor of XRP, but what does this mean for investors? A break is unlikely as long as XRP stays above the $2.09-$2.10 range, and there is a much greater chance of a bounce toward higher resistance like the $2.60 level.