Shiba Inu (SHIB) Bears Got Destroyed, Bitcoin (BTC) Price Squeeze is Next, This is XRP's Chance

Key Points

1. Shiba Inu (SHIB) experienced a bear trap where it broke below support but quickly recovered, closing above the 50-day EMA, indicating renewed confidence.

2. Key resistance levels for SHIB are now at $0.00001339 and $0.00001350, with support around $0.000012 and $0.00001256.

3. Bitcoin (BTC) is poised for volatility, with potential upside if it breaks above the $119,000-$120,000 resistance zone, but risks if it falls below $116,200 or $111,200.

4. XRP shows signs of recovery, with the 26-day EMA acting as dynamic support, but faces resistance at $3.70 and risks if it fails to hold above the 26 EMA.

5. Other notable mentions include a large Shiba Inu (SHIB) whale transaction, Ethereum's future goals, and updates on the Ripple v. SEC lawsuit.