BTC Hits $100,000, XRP Approaching Level That Could Push Price to $3, Bull Run Begins for Shiba Inu (SHIB) at $0.000025?

BTC Hits $100,000, XRP Approaching Level That Could Push Price to $3, Bull Run Begins for Shiba Inu (SHIB) at $0.000025?

Let's dive into the crypto world* XRP's breakthrough moment?* Bitcoin's grand entrance

Struggling to triumph over the critical resistance level, XRP is by no means out of the woods yet. As we speak, this digital coin is testing the 100 EMA, a historical benchmark on its daily chart. It's trading at roughly $2.18, but let's not forget the essential context here. XRP has found solid support near the $2 mark following a rebound from the 200 EMA.

With the groundwork laid by this support zone, XRP is pushing forward, aiming for the next major resistance at the 100 EMA ($2.21), as market momentum builds and a compelling chart structure emerges. The potential uptrend could pave the way to the descending trendline around $2.50, and if it gathers momentum, XRP may even reach $3, with a clear breakout above that level.

Although this potential breakout could cause a sentiment shift as it's close to the apex of the symmetrical triangle structure in place since February, it's crucial to note the volume remains an issue and the RSI remains neutral, indicating further growth possibilities before the market overheats. Keep an eye on the $3 and $2.50 targets if XRP can surpass the 100 EMA. On the flip side, a rejection at this level may lead XRP back to the $2.00 support zone, once again relying on the 200 EMA for support.

Goldman Sachs backs Bitcoin

"Goldman Sachs has tossed its hat into the Bitcoin ring, investing a whopping $1.4 billion via BlackRock's ETF," making it clear that the financial titan isn't leaving the crypto market out of its sights.

Shiba Inu's shining moment

The capitulation of Shiba Inu has sparked buzz about the beginning of a broader bull rally in the crypto realm. Having briefly dipped to the $0.0000127 support level, SHIB has seen a firm +4% rebound and surpassed its 50 EMA, a pivotal dynamic support level on the daily chart. This bounce off the 50 EMA hints at growing buying pressure at a critical trend zone, and it's not just technical noise. Previous turning points in SHIB's history have been marked by this moving average, suggesting that a trend reversal may be on the horizon.

SHIB now has to take on the 100 EMA, currently trading close to $0.000014, as its first challenge. Retaking this moving average would be a bullish indicator, particularly if accompanied by a volume spike, as it has previously resisted upwards momentum. At the same $0.000014 zone, traders should also watch for the horizontal resistance. If SHIB faces another rejection and short-term consolidation, it may be due to insufficient volume. Given its current position on the RSI, SHIB still has room for further growth without creating overbought conditions, and everyone is eager to see if it can maintain its momentum.

Is Bitcoin taking flight?

The seemingly inevitable day has arrived: Bitcoin has officially surpassed $100,000, one of the most influential technical and psychological milestones in crypto history. Having battled uncertain price action and consolidation for months, the market is now focused on a clear breakout or rejection from this significant resistance zone.

With the rounded bottom formed between January and April, and the handle potentially taking shape now if Bitcoin cools off a bit, the current chart structure points to the formation of a classic cup and handle pattern. If this pattern is confirmed with a breakout above $100,000, it could push Bitcoin toward the next crucial levels of $105,000 and $110,000. The strength of the current rally would be further validated by this technical signal, promoting more investment in Bitcoin.

However, it's important to remember that the $100,000 mark is significant not just as a number, but also because it acts as a barrier. Whether Bitcoin can hold or break through this level will decide the market's course over the following months. Despite potential short-term declines toward $92,000 or even $89,000 (in line with the 100-day EMA), the long-term uptrend will continue as long as Bitcoin stays above these important averages. The $100,000 level serves as a gateway, and its fate will shape the market for the coming months.

Sources:1. CoinMarketCap2. CoinMarketCap3. CoinCodex4. Live Coin Watch5. Investing

1. In the ever-evolving landscape of finance and technology, XRP's ongoing struggle to surpass the crucial resistance at the 100 EMA reflects the dynamic nature of cryptocurrencies.
2. As market momentum builds and a compelling chart structure emerges, XRP's potential uptrend could pave the way for reaching $3, as long as it can breakout above that level.
3. Not to be left out, Bitcoin, a pioneer in the crypto space, has surpassed the historic mark of $100,000, signifying a significant shift in the crypto world, with Goldman Sachs investing a substantial sum via BlackRock's ETF, further validating its prominence.
4. Simultaneously, Shiba Inu, the popular meme-based cryptocurrency, has witnessed a notable rebound, surpassing its 50 EMA and indicating growing buying pressure.
5. With SHIB now targeting the 100 EMA as its first challenge, a bullish indicator such as a volume spike would strengthen its position, potentially leading to a trend reversal.
6. As investors and enthusiasts alike keenly watch these developments, they also await the long-term implications of Bitcoin's breakthrough above $100,000, as it could push the digital currency towards further important levels.
7. The crypto world continues to captivate the entertainment industry, with its unique blend of finance, technology, and digital assets, often creating noticeable ripples in the broader financial markets.

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