A break through the critical resistance level that XRP is teasing could serve as the impetus for a long-awaited rally.

On the daily chart, XRP is currently testing the 100 EMA, which has historically been a significant turning point for the asset.

A breakout of the crucial resistance level that XRP is closely testing could serve as the impetus for a long-awaited rally.

On the daily chart, XRP is currently testing the 100 EMA, which has historically been a significant turning point for the asset, and it is currently trading at about $2.18. It is the context that makes this test so crucial.

After bouncing off the 200 EMA, XRP recently found strong support around the $2.00 mark. Having held up several times in the past, this support zone essentially lays the groundwork for the asset to recover from any downward pressure.

Now, as momentum is increasing and a clear structure is developing on the chart, XRP is aiming for its next major resistance at the 100 EMA (around $2.21). If the move gains momentum, the market may surge toward the descending trendline around $2.50, and if there is a clear breakout above this level, $3.

Any breakout from here could cause a significant change in sentiment because it is closely related to the apex of the symmetrical triangle structure that has been in place since February. Since there has not been a noticeable uptick to go along with the recent upward move, volume is still an issue.

Despite this, the RSI remains in neutral territory, indicating that more upside is possible before the market overheats. The psychological level of $3 and the next targets to keep an eye on are $2.50 if XRP is able to close firmly above the 100 EMA. Conversely, if XRP is rejected at this level, it is likely to return to the $2.00 support level, with the 200 EMA serving as a last line of defense once more.

Shiba Inu shines

Strong recovery activity from Shiba Inu has sparked conjecture about the start of a wider bull run.

SHIB made a strong reversal after momentarily falling toward the $0.0000127 support level. It posted a strong +4% move and rose back above its 50 EMA, a crucial dynamic support level on the daily chart. Not only is the bounce off the 50 EMA technical noise, but it also signals increasing buying pressure at a critical trend zone.

This moving average has highlighted the asset's historical turning points, and the current response may indicate that a trend reversal is about to form following months of decline. What comes next for SHIB? The 100 EMA, which is presently trading close to $0. 000014, is the first hurdle.

Regaining this moving average would be a definite bullish indication, particularly if it is accompanied by a volume spike, as it has previously rejected upward momentum. Near the same $0.000014 zone, where price action stalled during April's mini rally, traders should also pay special attention to the horizontal resistance.

However, SHIB runs the risk of another rejection and short-term sideways consolidation if there is insufficient volume. Since the asset is comfortably situated close to the neutral zone on the RSI front, more upside is possible without creating overbought conditions. Now, everyone's watching to see if SHIB can maintain its momentum.

Bitcoin almost there

Bitcoin has formally reached $100,000, one of the most significant technical and psychological milestones in cryptocurrency history.

Following months of volatile price action and consolidation, market participants are closely watching for a clear breakout or rejection as Bitcoin is now testing this crucial resistance zone.

The current chart structure, with the rounded bottom formed between January and April and the handle possibly taking shape now if Bitcoin cools off a little, indicates the formation of a common cup and handle pattern. This setup is often linked to bullish continuation patterns, which could short-term push Bitcoin toward the next important levels of $105,000 and $110,000 if it is validated with a breakout above $100,000.

Technical signals like this one would further attest to the strength of the current rally, which would also encourage further investments in Bitcoin. However, this does not necessarily imply a breakout. Due to past liquidity traps and speculative overextension, in addition to the round number psychology, the $100,000 mark represents a crucial resistance level.

The volume is not increasing in tandem with the price, which may suggest short-term exhaustion and the Relative Strength Index (RSI) is above 70, indicating overbought conditions. If Bitcoin fails to break above $100,000 decisively, it may experience a minor correction toward $92,000 or even $89,000 (coinciding with the 100-day EMA).

Despite this correction, the long-term uptrend remains intact as long as Bitcoin stays above these crucial averages. The level of