The cryptocurrency market is exhibiting significant momentum shifts, with XRP’s robust rally positioning it as a potential challenger to Ethereum’s dominance in the smart contract space. XRP surged from under $2.50 to approach $3.60, decisively breaking above its 50, 100, and 200-day exponential moving averages (EMAs). Its relative strength index (RSI) exceeding 80 signals powerful upward pressure, contrasting sharply with Ethereum’s recent stagnation and fueling speculation about shifting market leadership.
Bitcoin demonstrates bullish consolidation patterns following a breakout from a symmetrical triangle formation near $107,000. Technical indicators suggest potential for a climb toward $150,000, with RSI holding above 60 and a notable absence of resistance zones between $120,000 and $135,000. This setup provides a plausible pathway for substantial upside if momentum sustains.
Shiba Inu faces a decisive technical test at its 200-day EMA support level around $0.0000144. Holding above this threshold may reignite buying activity, while failure could precipitate declines toward $0.0000136 or $0.0000125. Caution is warranted as Shiba Inu’s descending RSI trajectory underscores market apprehension, making this retest pivotal for directional clarity in the memecoin’s near-term performance.