- XRP is showing strong bullish momentum, targeting $3 after breaking key resistance levels, while Shiba Inu experienced a false breakout and Ethereum is recovering from a 145-day decline.
- Despite temporary setbacks, the long-term outlook for these cryptocurrencies remains positive, with continued growth potential if key support levels hold.
The cryptocurrency market has recently experienced a notable shift, with some assets showing bullish signs while others face temporary setbacks. Among the most exciting developments are XRP’s surge toward the $3 target, Shiba Inu’s (SHIB) false breakout, and Ethereum’s (ETH) impressive rebound after months of decline. Let’s break down these key movements.
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XRP’s Bullish Momentum: $3 Target in Sight
XRP has been on a remarkable rise following its breakout above a long-standing descending wedge pattern. This move, which began earlier in 2025, has seen XRP overcome significant resistance levels, including the 50-day and 100-day exponential moving averages. This breakout above the $2.40 mark signals the start of a more aggressive bullish trend for XRP, which has since reached $2.1.
Currently, all major exponential moving averages are positioned above the price, with the 200-day moving average at $2.01 offering strong long-term support. Despite a minor pullback, momentum indicators such as the RSI are still indicating room for further growth. A consolidation between $2.30 and $2.40 would likely set the stage for the next leg up. The psychological and technical target for XRP is $3, a level that seems within reach given the asset’s robust volume and a surge in on-chain activity. While resistance may appear near $3, XRP’s momentum looks strong for the long haul.
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Shiba Inu: A False Breakout
Shiba Inu (SHIB), often a market favorite for speculative traders, has recently been in the spotlight after attempting a breakout above the critical 200-day exponential moving average. However, this bullish attempt quickly reversed, leaving many traders with a sense of disappointment. The asset lost about 6.3% in a single daily candle, signaling that the market had rejected the breakout.
Despite this setback, the bullish sentiment for SHIB is far from over. The asset has maintained a structure of higher lows, and support between $0.000014 and $0.00001380 remains intact. A retest of the 200 EMA is likely, and if SHIB can consolidate above $0.000014, it may eventually achieve a successful breakout in the future. Patience could be key here.
Ethereum’s Comeback: 44% Surge After 145 Days of Decline
Ethereum’s (ETH) journey has been marked by a painful 145-day downtrend, but things have taken a dramatic turn since May. ETH has surged by 44%, breaking through significant barriers and surpassing the $2,600 mark. This sudden rally has been backed by organic buying interest, with Ethereum breaching key moving averages like the 50, 100, and 200 EMA.
However, ETH faces a potential short-term pullback after reaching a local high of $2,650. The formation of a red daily candle and increased sell volume signals some profit-taking. While the overall trend remains bullish, caution is warranted, as a short-term consolidation could precede further gains. A successful retest of broken EMAs, particularly the 200 EMA around $2,430, could solidify support for Ethereum’s move toward the $3,000 mark.
The cryptocurrency market is proving to be a volatile yet exciting space, with XRP eyeing $3, SHIB facing a potential turnaround, and Ethereum making a powerful recovery after months of decline. While the market’s short-term movements may present some risks, the long-term outlook for these assets is looking increasingly promising. As always, traders should remain vigilant, conduct their research, and manage risk effectively.
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