Breaking through $2.00 might lead to another round of bullish activity if XRP maintains its momentum. Strong upward pressure is shown on the chart, which has been bolstered by consistently high volume in recent days. Profit-taking may take place at the next resistance level, which is approximately $2 to $20.
The 21-day EMA, which has been a dependable support during this uptrend, and prior resistance points are both at these levels. It would be beneficial for the asset to have a period of consolidation in this range so that it could build strength for a subsequent upward push.
Shiba Inu's extraordinary move
This may sound like a lot of work, but such actions are not new in the cryptocurrency space, particularly for meme coins that have a large following and a lot of fan interest. But in order for this scenario to materialize, SHIB would have to keep up its momentum and experience consistent volume increases in order to prevent losing steam.
As the asset approaches overbought territory, the RSI at 71 suggests that there may be a brief pullback or consolidation. SHIB may stabilize at key support levels of $0.000027 and $0.00002445 where the rally may momentarily cool.
Pepe's ascent
Given its upward move past a descending trendline indicated on the chart, Pepe looks to be in the middle of a breakout. The possibility of a recovery and the potential for significant growth in the near future are both implied by this breakout.
Support is located at $0.00001793, a critical level that served as resistance during the previous consolidation phase on the downside. This level will act as the first line of defense if PEPE is unable to maintain its breakout. The next important support, which is in line with the 50 EMA and serves as a more solid base for long-term bullish momentum, is located around $0.00001398. The ramifications of this breakout are substantial going forward.
The RSI is currently at 65, indicating potential for additional growth, however, traders should keep a close eye on volume levels to verify the strength of the breakout. If there isn't consistent volume, the move might not have the support it needs to stay out of a consolidation phase.
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