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Sujit Kumar
Mar 13, 2025
by Sujit Kumar

XRP, Bitcoin and SHIB: Navigating Bearish Markets & Reversal Signals

XRP Bitcoin and SHIB

Table of contents

  1. Bitcoin Under Pressure
  2. SHIB’s Mixed Signals
XRP continues to remain trapped within a descending channel as both its upper and lower boundaries steadily slide downward. Analysts say that a strong reversal will require XRP to break above the channel’s upper trendline, currently near $2.58, after proving strength above the crucial $2.30 level. Meanwhile, the lower boundary at $2.00 remains critical; a breach there could accelerate further losses. Despite the bearish backdrop, declining trading volumes hint that selling pressure might be easing, potentially paving the way for a rebound if bullish sentiment gathers.

Bitcoin Under Pressure

In the broader market, Bitcoin’s situation also remains precarious. Currently trading near $75,000, Bitcoin is showing signs of weakness amid rising volatility. Recent sessions have witnessed sharp swings, with technical indicators suggesting that if Bitcoin falls below $75,000, additional sell-offs and liquidations could follow. However, some experts believe that if long-term investors step in and support the price above $78,000, there could be a recovery toward the $85,000-$90,000 range.

SHIB’s Mixed Signals

Shiba Inu (SHIB) has shown resilience despite overall market pressure. The meme coin has managed to stabilize around key support levels, yet its momentum remains uncertain. While the Relative Strength Index is hinting at a potential reversal, the prevailing bearish moving averages prevent a decisive upward move. Traders are closely monitoring resistance levels, as sustained buying interest could trigger a breakout. However, any failure to hold current levels might result in further downward pressure.

As the market navigates these challenges, investors remain cautious. The interplay between XRP’s technical indicators, Bitcoin’s volatile behavior, and SHIB’s mixed signals will likely determine short-term market direction.

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XRP Bitcoin and SHIB
XRP, Bitcoin and SHIB: Navigating Bearish Markets & Reversal Signals
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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