Crypto Chaos: XRP’s Rise, Shiba Inu’s Secret, Ethereum’s Edge

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In the peculiar dance of digital currencies, XRP recently pirouetted with a 24-hour payment volume surge exceeding 200%, with a staggering 2.56 billion XRP traversing the network. This spectacle, far from the cacophony of retail speculation, hints at a liquidity ballet within Ripple‘s settlement layer. Historical whispers suggest that such utility spikes, unaccompanied by price collapse, murmur of structural support rather than panic-induced exodus.

The three EMAs, aligned in a downward procession, form a layered resistance, indicating a corrective trend. Each upward thrust has been stymied, most recently between $2.55-$2.60. For XRP to reclaim its bullish swagger, it must breach this fortress. Yet, amidst this resistance, the price holds firm, especially in the volatile market’s tempest. Buyers stage interventions at the $2.30-$2.35 range, showcasing resilience.

The RSI, lingering at 41, whispers of weak momentum but importantly, it neither screams ‘oversold’ nor whispers ‘breakdown.’ This phase seems to hum a tune of stabilization. The on-chain surge, a symphony of 2.56 billion XRP transfers, suggests utility and liquidity in motion, not mere exchange. This lends an ear to the notion of unseen institutional positioning or settlement activity.

Shiba Inu‘s Solid Potential

Shiba Inu, the meme coin that refuses to fade into insignificance, has not yet embraced a full-fledged breakout. Yet, the chart whispers a secret: the birth of a structural bottom that could cradle a 20% recovery from current levels. Between $0.0000090 and $0.0000092, buyers consistently intervene, halting further declines.

This pattern, a controlled selling followed by stabilization, speaks volumes. Volume has dwindled, volatility has subsided, and SHIB now lounges in accumulation territory. The RSI, oscillating between 38 and 41, hints at a market that has ceased its hemorrhage, often the herald of significant reversals in the cryptoverse.

The 50-day, 100-day, and 200-day moving averages, all sloping downward, appear bearish on paper. Yet, this setup is ripe for asymmetry, allowing a dead meme coin to suddenly leap 15-20% with even a marginal sentiment improvement.

Ethereum‘s Dominance to Rise?

Ethereum, demonstrating technical fortitude against Bitcoin for the first time in moons, hints at nearing its local bottom. Ethereum’s RSI, lingering in the 34-36 range, suggests seller fatigue and the formation of a potential reversal zone. Bitcoin, still trading above its corresponding RSI low, may have further to fall before finding true support.

This divergence is crucial. ETH‘s proximity to the bottom compared to BTC‘s distance could shift the power dynamic swiftly. Benjamin Cowen muses that if Bitcoin continues its descent toward $60,000, Ethereum’s relative positioning becomes even more intriguing. Should Bitcoin bleed slowly while ETH has priced in its correction, ETH may outperform BTC into recovery.

Rotational cycles often begin thusly. Bitcoin faces resistance up to $107,000 and $112,000, whereas Ethereum, trading just above $3,100, maintains a higher-time frame support level. Once relief begins, ETH is much closer to regaining moving averages, particularly the 200-day. Bitcoin’s structural resistance overhead is more formidable.

It would not be unprecedented for the market to rotate into ETH while BTC stalls. Historically, Ethereum has outperformed Bitcoin during peaks or stagnation, especially when liquidity seeks the next trade and ETH stands as the only asset sizable enough to absorb it.

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2025-11-17 03:27