The market is cooling off one week after the critical cryptocurrency market crash that essentially ended the first phase of market recovery. The possibility of a further reversal is yet to be determined.
### Bitcoin’s Narrative Finally Eases
The bullish narrative surrounding Bitcoin may finally be coming to an end. Technical and momentum indicators are still flashing bearish warnings. Despite brief recovery attempts, the daily chart’s current setup indicates that Bitcoin may drop below $100,000 in the near future.
Bitcoin, currently trading at about $107,900, remains below its three main moving averages: the 50-, 100-, and 200-day EMAs. These EMAs have all begun to slope lower, signaling a midterm trend reversal. The market sentiment was essentially reset when the recent crash below the $110,000–$112,000 range erased months of steady accumulation.
Despite slight intraday bounces, the RSI—currently at 38—is close to oversold territory and lacks bullish momentum. The inability to recover the 200-day EMA, presently close to $108,000, supports the notion that structural weakness, rather than a transient correction, is now affecting Bitcoin.
Historically, the start of a protracted bearish phase is indicated when Bitcoin drops and remains below this moving average. Market volume supports this view, as buyers have stopped making purchases while sell pressure steadily increases during rallies.
The outlook is further dampened by macroeconomic conditions. Following the significant liquidation events earlier in the week, liquidity is becoming more constrained across cryptocurrency markets, and investor confidence remains brittle. The $100,000 psychological threshold, once considered the next big goal, now appears to be more of a ceiling than a practical objective.
That said, Bitcoin is still in a bull market and this should not be misunderstood. A prolonged period of retracement is suggested by the combination of technical breakdowns, waning trend strength, and inadequate market breadth. The path of least resistance remains downward unless Bitcoin decisively and strongly recovers above $114,000. It may retest levels below $100,000 before a true recovery can begin.
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### XRP Finally Catches a Breath
XRP’s decline seems to have halted suddenly, raising the possibility that the asset is about to enter a brief recovery phase. Price stabilization in the $2.30–$2.40 range may signal the start of a more extensive reversal, as both market structure and momentum indicators suggest that sellers are running out of options.
For the first time in months, XRP fell below its 200-day moving average, sparking a market-wide panic. The recent plunge was triggered by the broader crypto meltdown. However, the subsequent sharp rebound suggests that demand remains strong at lower levels.
Recent daily candles show rising volume on green bars with shorter wicks—classic indicators that selling momentum is waning. The RSI, currently at 37, indicates an oversold condition. Technical analysis points to a local support zone around $2.25.
Historically, when RSI levels fall below 40, XRP has experienced strong reactions, often leading to multi-day rebounds. Furthermore, it is possible that large buyers intervened to absorb excess sell orders, resetting the short-term equilibrium. This abrupt halt in downward momentum followed an extreme liquidation event.
Currently, the $2.60–$2.65 range is crucial to monitor. A breakout above this resistance could confirm a short-term bullish shift and potentially push XRP back toward the $2.80–$2.90 range. However, if current support levels fail, the path toward $2.00 may reopen.
In summary, the sudden end to XRP’s crash appears to be a quick shift in sentiment, with buyers subtly regaining control as sellers overextend. Although the overall market remains cautious, this could be the first indication of an impending retracement and the start of a more robust recovery for XRP.
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### Pressure on Shiba Inu Eases
Shiba Inu is showing signs of revival after weeks of excessive selling pressure, clearly not wanting to linger at its recently touched zero mark. Following a brief period of stability, SHIB is currently attempting to rise above the $0.000010 mark—a crucial psychological threshold that could determine whether the current market correction leads to significant recovery or a deeper decline.
At the time of writing, SHIB is trading at about $0.00001004, showing a slight daily gain. More importantly, the asset seems to have stabilized effectively above $0.0000095—a former high-volume zone that served as local support.
This halt in the downtrend coincides with increased trading volume and a flattening RSI between 37 and 39, suggesting accumulation may be starting as sellers lose ground.
Factors contributing to this recent recovery may include rekindled whale accumulation, a modest improvement in overall market sentiment, and expectations of upcoming ecosystem updates within the Shiba Inu network.
On-chain data for SHIB also shows a slowdown in large token outflows, indicating that major holders may be choosing to hold rather than dump—the behavior that typically precedes local recoveries.
From a technical perspective, a successful break above the $0.0000105–$0.0000108 range might validate a brief reversal, paving the way for a short-term move toward $0.0000115 and possibly even $0.000012.
However, these recent gains could be erased if the $0.0000095 support level is not maintained. For now, Shiba Inu appears committed to reclaiming the $0.00001 level as a foundation for recovery.
If market stability and buying pressure persist, this could mark the beginning of SHIB’s next attempt to regain lost momentum and potentially erase that unwanted zero faster than many anticipate.
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**In conclusion,** the cryptocurrency market shows mixed signals a week after the recent crash. Bitcoin faces structural weaknesses and potential further declines, while XRP and Shiba Inu exhibit early signs of stabilization and possible recovery. Investors should monitor key support and resistance levels closely as the broader market sentiment remains cautious.
https://u.today/crypto-market-prediction-bitcoin-btc-shows-no-chances-for-100000-xrp-crash-stops-shiba-inu-shib
