XRP Bounces Back? Shiba Inu Still Hiking and ETH’s Big $3,500 Hurdle! 🚀💔

by

The great galactic market took another hit, beginning with a burst of liquidations that might’ve ended the reversal phases faster than a Vogon could insult an alien. But, uh, Joan of Arcs of assets paint their reversal-friendly candles, showing off their investor convictions. 🎨💪

XRP – Apparently It Likes to Bounce! 🤩

Declaring a complete trend reversal for XRP feels as premature as announcing the time on a random asteroid. But let me tell you, in recent weeks, XRP bounced around like a hyperactive Vogon poet at a poetry recital. Short-term sellers threw in the towel when XRP, in a remarkably strong reaction off its lower boundary, stopped grinding lower than a Dirk Gently episode.

Where this bounce happened is, like, critical information. It didn’t just spike in the middle of nowhere; nope, it recovered from a structurally significant area that had previously been a demand stronghold. And that’s important! In truly weak markets, assets tend to drift like a towel floating in space rather than bouncing with any clarity. 🛹💨

After showing off a bit, XRP briefly challenged overhead resistance, did a little snap and reclaimed its short-term moving averages, like a hyperactive teenage alien pet. Now, as is typically the plight of prices, it’s declining slightly. The overall bearish trend remains, with the asset still lounging below its major long-term moving averages. But, like the Vogons stopped writing profoundly terrible poetry, the decline has leveled off, and the channel that used to steer prices downward is losing influence.

This isn’t just noise-it’s a change in behavior. Another telling bit about the bounce was the volume. It was higher than during the downtrend, though not explosively so, implying participation rather than just a hollow relief move. The RSI has moved into a more neutral range, appeasing us with the notion that the selling pressure has, at least momentarily, vacated to roam other parts of the universe.

The next step? Follow-through will dictate whether XRP’s bounce might grow into a wider base. If it can stay above its recent higher low and avoid collapsing back into the channel’s bottom, reclaiming the midrange and major moving averages would become a tangible reality.

The risk, though, is loud and clear: if current levels aren’t maintained, this episode will contribute to what could become another lower-high bounce in a downtrend. Nevertheless, by the standards of celestial calculative amusement, XRP is no longer resembling a free-falling asset-much to the relief of its fan club of interstellar account holders.

Shiba Inu – Under Retracting Pressure, Slowly and Steadily 🐕️

While Shiba Inu continues under pressure, the most important cosmic lesson here is that the market resisted collapsing, despite a noticeable spike in sales. A single red candle, like a single insult from a Vogon, isn’t as significant as you might think.

Recently, SHIB saw a significant increase in selling pressure-both volume and the rate of decline indicated as much. Such a push would typically cause a cascade, with stops being destroyed, liquidity thinning out, and prices plummeting deeper into the next significant support-like freefalling into a black hole. Instead, SHIB began trading sideways, stabilizing quicker than you can say “Arthur Dent.” This means sellers are losing the battle, not winning it.

The asset is still below its major long-term moving averages, signaling that the bull market party hasn’t begun-yet. The trend remains negative, like a typical Wednesday after a frustrating encounter with a bureaucratic alien. However, its behavior within the said trend has evolved. Follow-through selling dried up swiftly after the most recent sell-off failed to create any noteworthy new lows-classic exhaustion, not panic.

Volume didn’t lead to a prolonged decline either. Instead, it looks like forced selling was devoured by longer-term participants, who probably find something delightfully satisfying in buying at low levels-just as we enjoy watching armageddon devoid of tears. RSI is holding steady in the midrange, suggesting that momentum has slowed, but it hasn’t fallen into the dreaded oversold territory.

SHIB remains in its short-term recovery stage, with moving averages yet to flip and overhead resistance managing to cap rallies, like they live for that. But remember, trend reversals don’t miraculously occur in a single candle; they instead develop with the patience of a Vogon torture expert. And the likelihood of a gradual trend shift grows as long as the price keeps defending recent lows and avoids further unnecessary sell-offs. Recovery, much like life in the galaxy, begins structurally but is rarely speedy or seamless.

Ethereum – Trying to Conquer Its Personal $3,500 Quadrant 🚀

Ethereum is stepping into another crucial decision-making area, significantly more vital than previous ones. Currently, Ethereum’s determination is directed at the 200-day EMA-like a cornerstone of resistance repelling upward momentum for months. It’s a rare opportunity on the galactic market for markets actually attempting to reach the same resistance again. Either ETH breaks it, or it runs until it collapses from exhaustion.

Structure here is clear. ETH has already made two unsuccessful attempts to reclaim the 200 EMA, with every effort eventually capitulating to consolidation or decline. However, this round is slightly altered. ETH begins from a higher base, with selling pressure currently reduced to a minor inconvenience compared to its previous trials.

The market hesitates, compresses, and cools all beneath this resistance-it’s not dumping eagerly on rallies this time. There’s a good reason the 200 EMA is tough to crack. It’s more than just a line on some interstellar chart; it’s an algorithmic and discretionary trading filter-a place where funds build their liquidity fortresses, and longs hesitate before advancing.

Price movement alone isn’t enough to break it; you need conviction and consistent volume to show the way forward. ETH is in its usual patience-testing phase. The pullbacks are feather-light, but supply responds diligently to every upward push. The RSI remains positive, neither smug nor too enthusiastic, whispering hints of potential growth should momentum surge.

The whole narrative shifts dramatically if ETH can recover and maintain its posture above this level-the 200 EMA flip would enable higher target feasibility and pave the way for a more comprehensive trend. So, long live Ethereum, may it conquer its desirable $3,500 quadrant with ease, if not, at least with determination.

Read More

2026-01-20 06:17