XRP has broken out from a long-term downward trend, potentially targeting $3 as it gains momentum. Shiba Inu (SHIB) faced a false breakout but maintains some bullish potential, while Ethereum (ETH) has ended a significant decline, looking towards $3,000 despite possible short-term corrections.
XRP has really gotten everyone talking lately after it surged past a descending wedge pattern that’s held it back since early 2025. With the digital asset overcoming a mix of resistance levels — notably the 50-day and 100-day exponential moving averages — there’s a vibe suggesting that we might see a longer-term upward trend. This surge occurred after weeks of cautious accumulation and sideways trading, leading many to think the momentum is here to stay.
Analysts are eyeing a major bullish signal, which would arrive if XRP closes above $2.40. Before hitting around $2.1, it’s normal for price action to dip slightly; we’ve seen that before. Right now all major exponential moving averages are lined up above XRP’s price, with the 200-day average at $2.01 serving as strong long-term support for anyone watching closely.
The RSI and other momentum indicators show promise — they’re still high, but not excessively so. This suggests that XRP might just have more room to grow, especially if it can settle between the $2.30-$2.40 range before another upward push. If resistance levels get retested, liquidity could boost the next surge, and trading volumes seem solid. The $3 mark looks like a realistic target as we move forward, aligning with both Fibonacci extension levels and earlier highs. Until then, there seems to be little in the way of further progress.
On the other hand, Shiba Inu, affectionately known in the crypto community as SHIB, pulled a classic fakeout. After a brief surge above the 200 EMA, it quickly reversed course, returning to its prior trading range — losing more than 6% in a single day. This sort of action often shakes out less committed traders, especially those who jump in just based on FOMO without confirmation of a real trend.
However, all hope isn’t lost for SHIB just yet. The short-term moving averages, the 20 and 50 EMAs, are still trending upward, and the token maintains a series of higher lows. Support is still strong between $0.00001400 and $0.00001380; if SHIB can establish a solid base here, it may test the 200 EMA again.
Interestingly, the volume on this recent pullback was lower than during the breakout, which might indicate the sell-off isn’t very robust. The RSI remains above 55, hinting that bullish momentum is still around. Yet, to keep things moving upward, SHIB must maintain that critical $0.000014 support level. Some consolidation between $0.000014 and $0.000016 could be necessary before any serious breakout happens. So, it wasn’t the real deal yet, but it seems like the game isn’t over either.
Then there’s Ethereum, which, after a draining 145-day slump, seems to be rallying back to life. Since May, ETH has soared 44% — from lows around $1,800 to slightly above $2,600, making quite the comeback. The rally, which kicked off on May 8, breached multiple key technical barriers, including the 50 EMA, 100 EMA, and even the important psychological 200 EMA within just days, flipping market sentiment on its head.
But hold on — it looks like ETH might be hitting a bit of a wall after reaching a local high near $2,650. The first red daily candle in the recent surge, joined by increased selling volume, suggests some traders may be taking profits. The RSI has also popped above 79, which can often hint at potential cooling-off periods ahead.
That doesn’t knock out the overall bullish trend, though. A proper retest of broken EMAs, like the 200 EMA at $2,430, could reinforce support and potentially lead us towards $3,000. However, be careful with rushing in at current levels — Ethereum might be gearing up for some consolidation or a pullback first. Ideally, a retracement could serve as a solid launchpad for further gains rather than a sign of weakness. So, while it’s wise to be cautious in the short-term, Ethereum bulls now have a glimmer of hope after a brutal stretch of losses.
