The crypto market shows activity with positive signals for XRP, Shiba Inu, and Ethereum, providing investors with new opportunities.
XRP Enters a Crucial Technical Zone
XRP has risen by 10% since the beginning of the month and has entered an important technical zone. The key point is that XRP managed to form an ascending channel that signals ongoing bullish momentum. The price has broken above key moving averages, which gives optimism to traders willing to invest in the $2.30-$2.40 range, according to recent data on network activity.
Shiba Inu Heads Towards New Highs
The breakout of Shiba Inu (SHIB) above the 26-day exponential moving average (EMA) indicates a resurgence of activity. Closing above the $0.0000125-$0.000013 range creates potential for reaching new levels, but SHIB still has to overcome technical obstacles, including the 50 EMA and horizontal resistance at $0.0000145.
Ethereum Continues Accumulation Ahead of Breakout
Ethereum displays confirming bullish signals and is likely to break above $3,000. Over the past few weeks, ETH has successfully recovered its key moving averages. Although trading volumes have decreased, this is not a negative sign, as such a trend often precedes accumulation stages. A significant reduction in ETH reserves on platforms suggests an increase in demand.
Positive trends around cryptocurrencies XRP, SHIB, and ETH point to potential growth in the coming weeks if the overall market sentiment remains favorable.
