Bitcoin’s attempt to breach its historic high near $112,000 has encountered significant selling pressure, momentarily halting its upward surge. While the medium-term outlook for the leading cryptocurrency remains favorable with strong support levels, recent trading volume patterns indicate investor caution – surging during the breakout attempt before declining sharply.
XRP has demonstrated notable strength with a 10% gain since early July, currently trading at approximately $2.17. Technical indicators reinforce its bullish trajectory, supported by rising trading volume and established trend lines. Analysts identify potential upside targets at $2.50 followed by $2.75 should current momentum persist.
Shiba Inu (SHIB) exhibits renewed bullish sentiment after decisively breaking above its 50-day exponential moving average. This technical breakthrough signals strengthening buyer interest, with market watchers projecting a potential price target nearing $0.000013 for the meme-inspired token.