Shiba Inu Volume Drops To Zero, XRP Struggles At $2.39, Bit…

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Despite Bitcoin recovering above $103,000, the market structure indicates a lack of strengthening in its purported uptrend due to nearly zero trading volume impacting other assets like XRP and Shiba Inu.

Shiba Inu’s trading volume has collapsed despite holding above $0.0000097, signaling waning interest and potentially leading to prolonged consolidation or price declines. The token is trading within a narrow range between $0.0000090 and $0.0000100, lacking the volume needed to sustain rallies. Key moving averages continue to act as resistance, with bearish technical setups and a near-46 RSI indicating neutral sentiment.

XRP’s technical outlook is deteriorating, increasing the likelihood of a descent to $1 in the medium term. A recent “death cross” has validated concerns about a bearish downtrend. XRP is currently trading around $2.39 after repeated rejections near $2.60, struggling for momentum, with converging moving averages acting as resistance. Low trading volume suggests decreasing interest from both retail and institutional investors.

The next significant support for XRP is around $1.90, with the possibility of a retracement to $1.00 if that level is breached. A near-47 RSI reinforces this bearish phase, as XRP establishes a series of lower highs and lows.

Bitcoin’s bounce off $100,000 support appears shallow and unsustainable, lacking the volume typically associated with a healthy bull market. Trading activity has declined alongside price increases, suggesting limited participation from institutional buyers or long-term holders. Bitcoin is converging below major moving averages, confirming a bearish overall trend.

The current rally is likely a “dead cat bounce” until Bitcoin breaks above this range with increased volume and a near-41 RSI indicates a lack of momentum. Without increased volume and recovery of key resistance levels, Bitcoin’s attempt at a rally remains hollow.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.