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Because of his incredible rise, XRPThe price of rose to $1.95, bringing it closer to the psychological $2.00 mark and increasing its market capitalization to an incredible $110 billion. Due to the asset’s remarkable rebound, investors are now speculating on two possible futures based on current price action.
Breaking above $2.00 could lead to another round of bullish activity if XRP maintains its momentum. Strong upward pressure is shown on the chart, which has been reinforced by consistently high volume in recent days. Profit taking could occur at the next resistance level, around $2-$20.
XRP could become one of the best performing assets in the market if it breaks this barrier and continues to climb towards $2.50. However, for this scenario to come true, volume must remain high and investor confidence must not decline. Vice versa, XRPThe RSI of implies that the rally could be too extended as it is currently in overbought territory. A pullback could occur if $2.00 is not broken, with $1.70 and $1.50 serving as possible supports.
The 21-day EMA, which has been reliable support during this uptrend, and previous resistance points are both at these levels. It would be beneficial for the asset to experience a period of consolidation within this range so that it can strengthen for a subsequent upward push.
The extraordinary gesture of the Shiba Inu
With its price rising to $0.00002956 and quickly approaching the psychological mark of $0.00003, the Shiba Inu is showing extraordinary strength. A bullish consolidation pattern recently broke out, giving traders new hope for SHIB’s upward trajectory. They are now wondering if the asset will clear another zero and target $0.0001. According to the table, SHIB has strong buying momentum after breaking through important resistance levels at $0.000027 and $0.000028 with increased trading volume.
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Weeks of steady accumulation and a solid correction phase preceded this breakout, allowing the asset to establish a solid foundation for its current movement. In the event of a breakout, the next resistance, located just above $0.00003, could allow SHIB to reach much higher levels. A gain of approximately 238% would be realized if the price fell to $0.0001.
This may seem like a lot of work, but such actions are nothing new in the cryptocurrency space, especially for meme coins that have a large following and generate a lot of fan interest. But for this scenario to materialize, SHIB would need to maintain its momentum and experience consistent volume increases to avoid running out of steam.
As the asset approaches overbought territory, the RSI at 71 suggests there could be a brief pullback or consolidation. SHIB may stabilize at the key support levels of $0.000027 and $0.00002445, where the rally may momentarily calm down.
The rise of Pépé
Given his upward movement beyond a descending trendline shown on the chart, Pepe appears to be in the middle of a breakout. The possibility of a recovery and the potential for significant growth in the near future are both implied by this breakout.
This break above $0.00002103 indicates that the recent downtrend has reversed. This move has gained more weight due to increased trading activity, indicating that traders are starting to have confidence in the asset again. If PEPE breaks its next immediate resistance at $0.00002200, it may be able to make more gains towards the $0.00002500 level.
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Support lies at $0.00001793, a critical level that served as resistance during the previous downside consolidation phase. This level will serve as the first line of defense if the PEPE fails to maintain its breakthrough. The next important support, which is in line with the 50 EMA and provides a stronger base for long-term bullish momentum, lies around $0.00001398. The consequences of this break are considerable in the future.
The next target of $0.00002500 seems achievable in the near future if PEPE manages to maintain its position above the trendline and continue to gain momentum. After a prolonged rally, PEPE could approach $0.00003000, a psychological benchmark that would indicate a solid rebound from its previous declines. But you have to be careful.
The RSI is currently at 65, indicating potential for further growth. However, traders should closely monitor volume levels to check the strength of the breakout. If there is not consistent volume, the movement might not have the support it needs to stay out of a consolidation phase.