As the technical outlook grows increasingly weak across the cryptocurrency market, XRP, Shiba Inu, Bitcoin, and Dogecoin have all revisited critical support levels. In particular, XRP continues to trade around its long-watched $1.30 support zone. Analysts warn that if this level breaks decisively, selling pressure could intensify in the near term.
XRP faces pivotal moment
XRP has been moving within a descending triangle pattern for several months, with lower highs since March signaling persistent dominance by sellers. The cryptocurrency remains below its 50-day and 100-day moving averages, and is also trading significantly beneath its 200-day average, signaling a strong technical downtrend.
The Relative Strength Index (RSI), a widely used technical indicator that tracks price momentum on a scale between 30 and 70, has slid into the mid-30s for XRP. This points to conditions approaching the oversold threshold, although the reading has not yet dipped into classic capitulation territory.
Glossary: A descending triangle is a technical chart formation where price forms lower highs while being squeezed against a relatively horizontal support line. This often gives clues about the strength and direction of the next move. The RSI is a common momentum indicator in technical analysis, measuring the speed and strength of price movements.
The $1.30 level is currently the most significant zone for XRP; a clear break below this support could confirm the descending triangle pattern and trigger a fresh wave of selling toward lower support regions.
Conversely, if buyers manage to defend this zone, XRP could remain confined within a tight trading range for some time. In that scenario, the price may consolidate and build momentum ahead of a larger move later on.
Downward pressure remains for Shiba Inu and Bitcoin
Shiba Inu is also struggling to find footing at its key support, having fallen out of the rising wedge pattern established since March. This breakout significantly erodes the previously bullish technical setup. SHIB is attempting to stabilize near the $0.0000054 mark, but continues to trade below all its major moving averages: the 50-day, 100-day, and 200-day lines.
On-chain data shows the pressure on SHIB intensifying. Exchange reserves have climbed back above 80 trillion SHIB, increasing available supply in the market and weakening hopes for a near-term liquidity squeeze. While the RSI, currently around 35, suggests the potential for a short-lived bounce, the overall technical structure remains fragile.
Meanwhile, correction has accelerated for Bitcoin. After failing to remain above its 50-day and 100-day moving averages, BTC dropped to the $71,000–$72,000 range. The breakdown of the uptrend line from the April lows is widely seen as the main development undermining hopes for a near-term recovery.
Technically, Bitcoin is now trading below its 50-day, 100-day, and 200-day moving averages, with the $76,000–$80,000 zone turning into a major resistance. The RSI has dropped to about 31, indicating Bitcoin is in oversold territory, but this alone does not guarantee an immediate reversal in direction.
Dogecoin’s focus shifts to $0.10
Dogecoin has also slipped below the upward trendline that had supported its price since February. This break effectively ends the medium-term rebound structure and shifts momentum back in favor of sellers. DOGE is currently trading just below its 50-day moving average, as well as remaining under the 100-day and 200-day averages.
A drop in RSI toward 40 for Dogecoin reflects weakening momentum, though conditions have not yet reached deeply oversold extremes. The $0.10 mark stands out as both a psychological and historical support level. If DOGE fails to hold this area, further downside toward lower support zones is likely, although a quick bounce could occur if the $0.103–$0.105 range is reclaimed in the near term.
