Catenaa, Sunday, June 22, 2025-XRP has successfully defended its critical 200-day exponential moving average (EMA) support level after testing it three times in recent sessions, signaling resilience amid a narrowing trading range, while Shiba Inu faces a potential steep decline and Ethereum approaches a bullish technical milestone, report said early this week.
XRP hovered near $2.09-$2.10 in June, repeatedly bouncing off the 200 EMA, which traders see as a key long-term support zone.
Despite remaining range-bound between the 200 EMA support and 50 EMA resistance, technical indicators suggest the possibility of an upward breakout if XRP can convert short-term EMAs into support, potentially pushing back toward $2.60-$2.70.
The relative strength index (RSI) at mid-40s shows neutral momentum, with steady buying interest around support.
In contrast, Shiba Inu (SHIB) faces what traders call an “adding a zero” risk, a sharp price drop below $0.00001000.
SHIB is trading under its 50, 100, and 200 EMAs near $0.00001195 and recently broke a key support zone at $0.00001231. Declining volume and weak buying momentum heighten the risk of further losses unless a strong reversal or catalyst emerges.
Ethereum (ETH) is nearing a golden cross, a bullish crossover where the 50-day moving average crosses above the 200-day EMA, often signaling a sustained upward trend.
Currently trading near $2,521, ETH has shown resilience above its 100 EMA, supported by steady volume and a neutral RSI.
Confirmation of this pattern could pave the way for a push toward $3,000 within weeks if ETH maintains key support levels and rising momentum.
