Despite a slight decline, Bitcoin remains at the upper end of the 2025 trading range. Meanwhile, altcoins such as Shiba Inu and XRP show significant growth and attract investor interest.
Current Situation with Bitcoin
Bitcoin is trading around $116,600, clearly above the 50-day EMA ($114,000) and 200-day EMA ($101,300), demonstrating structural strength. However, current market conditions indicate a weakening of its hegemony as popular altcoins begin to show more significant rallies.
Shiba Inu Dynamics
Shiba Inu shows recovery from July lows and is on the verge of a breakout. With the current price around $0.00001286, SHIB trades between the 50-day and 100-day EMA. If the price successfully closes above 100 EMA (~$0.00001323), it could signal significant movement leading to further price increases.
XRP Results
This year, XRP has shown one of the best performances among cryptocurrencies, with a recent daily surge of 11%. After breaking out of consolidation between $2.40 and $2.80, XRP overcame the $3.00 level and reached the $3.60 zone. The current target for bulls is the trendline just below $3.40.
Bitcoin continues to hold its position in a changing cryptocurrency market. Meanwhile, the increased interest in altcoins like Shiba Inu and XRP indicates possible shifts in capital distribution among crypto investors.
