While the market had a decent chance for a solid recovery, which we highlighted in our previous crypto market prediction, we are seeing signs that hint at the problematic state of the current rally. However, in the case where Bitcoin breaks through around $115,000, the acceleration would be imminent even on Sept. 12.

Shiba Inu’s bullish approach

Shiba Inu is stabilizing around $0.000013, and it is starting to exhibit technical dominance. SHIB is now taking back key moving averages after months of sideways consolidation and unsuccessful breakout attempts, setting itself up for possible growth in the near future.

SHIB has successfully broken through its 50-day Exponential Moving Average (EMA) on the daily chart, a technical milestone that frequently denotes a change in momentum from bearish to bullish. Throughout SHIB’s downward trend, the 50 EMA has continuously served as resistance, making this move noteworthy. Traders are starting to see this as a structural shift in market sentiment, now that the token is trading above it.

With rising volume and a strengthening Relative Strength Index (RSI), which is currently hovering just below overbought levels, the current price action indicates that SHIB is beginning to form a gradual uptrend. This shows that, although there are no immediate signs of exhaustion, buying interest is growing.

The next resistance levels to keep an eye on, if momentum keeps up, are the 200-day EMA at about $0.000014, and the $0.000015 zone, which has historically been a region with a lot of liquidity.

Looking at it more broadly, SHIB’s dominance is psychological as well as technical. Retaining price stability above the $0.000013 threshold boosts holders’ confidence, which lowers panic-selling and promotes accumulation. Given its ability to withstand market volatility, the token is becoming more and more significant in the meme-coin ecosystem, where it is still vying for market share with Dogecoin.

But caution is still required. Even though the 50 EMA breakthrough is a positive sign, SHIB still has to contend with longer-term resistance lines that might halt its upward trend if market sentiment declines. Investors ought to keep an eye on SHIB’s ability to maintain its position above the 50 EMA and progressively test higher moving averages.

XRP approaches key level

A critical test that could determine XRP’s short-term course is approaching at $3.00. As momentum builds toward a potential breakout attempt within the next day, the asset has been consolidating below a descending trendline. Just below the crucial psychological and technical barrier at $3.00, XRP is currently trading at about $2.99 on the daily chart.

Bullish sentiment has been strengthened by the recent rally, which has been bolstered by robust buying volume and a recovery above the 50-day and 100-day EMAs. The 200-day EMA and the descending resistance trendline, however, are convergent around the $3 area, making it a difficult obstacle to overcome.

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In the short term, if XRP is able to break through $3 with convincing volume, it may lead to a surge of buying momentum that pushes the asset toward $3.30 to $3.50. This would confirm the bullish outlook for the upcoming weeks by clearly reversing the trend from its most recent corrective phase.

But if $3 is not broken, there may be rejection and a decline toward $2.80 or even $2.70, where the 100-day EMA offers support. This situation would prolong the consolidation phase by indicating that bulls are not yet powerful enough to overcome resistance.

The next day is important for investors. Rejection could result in another period of range-bound trading, while a confirmed breakout above $3 would suggest the possible beginning of a larger rally. Increased volume and momentum shifts around the $3 mark are indicators that traders should keep an eye out for, because they will shed light on XRP’s immediate trajectory.

Bitcoin’s steady rise

Bitcoin is stabilizing close to the $114,000 mark, laying the groundwork for what may be a rally toward the much-awaited $150,000 mark.

Bitcoin has successfully surpassed its 50-day Exponential Moving Average (EMA), which is frequently regarded as a turning point for momentum, following weeks of consolidation and testing lower supports. During corrective phases of recent market cycles, the 50 EMA has proven to be a dependable resistance barrier. Bitcoin’s recovery of this level suggests that there may be a change from short-term pessimism to fresh bullish sentiment. Because the 50 EMA breakout has historically preceded robust price recoveries, traders frequently see this as the first confirmation of a structural rebound.

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Buying activity is steadily rising, and volume patterns are supporting the breakout. Although it is still below overbought levels, the Relative Strength Index (RSI) is rising at the same time, suggesting that there is still potential for more upside without any immediate signs of exhaustion. If momentum continues, the next crucial resistance levels are located between $118,000 and $120,000, which is where liquidity has traditionally gathered.

Generally, the market is looking positive, but numerous reversal signals are there, so becoming euphoric too early is certainly not the call here. Staying put at around local resistance and awaiting breakthroughs on altcoins would be the only sign of a continuation at around this level.

Over the past several weeks, XRP, Shiba Inu and Bitcoin have faced furious bearish pressure on the market: XRP, for example, struggled at key moving averages; Shiba Inu attempted to break free from a prolonged triangle formation; and Bitcoin tried to find grounds for a recovery — all without much success. However, the selling pressure is winding down, and sentiment can shift at any given moment.

XRP bears giving up?

Over the past few weeks, XRP has been consistently under bearish pressure, with sellers holding sway after the asset was unable to recover the $3 psychological level. Right now, XRP is trading at about $2.081, just above the 100-day EMA, which has served as a crucial support line. Investors now need to determine if the bears have more fuel in their tanks or if exhaustion is starting to set in.

An extended pullback after the July peak near $3.70 is visible on the chart:

• XRP has not crashed, as some had anticipated, despite market pressure from lower highs and persistent selling. Rather, buyers appear willing to defend in the $2.75-$2.85 range, where price action has stabilized. This consolidation might indicate that bears are losing ground.

• This outlook is supported by volume data. The declining trading activity suggests a significant slowdown in selling interest. Volume usually rises during breakdowns on bear markets, but the limited participation during XRP’s most recent declines suggests that sellers are losing faith.

Technically, the RSI is at 44, which indicates a slight bearishness but is still well below oversold extremes. This implies that, while there is still potential for a decline, the circumstances for a disastrous plunge are not always present. A more dramatic sell-off below the 200-day EMA seems unlikely in the absence of a significant catalyst, but a decline toward the 200-day EMA at $2.50 is still possible if overall market sentiment deteriorates.

Bitcoin’s comeback

Following a decline below $110,000 earlier in the week, Bitcoin has made an unexpected comeback, regaining the $112,000 level. On the surface, such a move might seem bullish, but it is also among the riskiest and least convincing recoveries the asset has displayed in recent months.

With the 50-day EMA close to $115,000 serving as a ceiling, Bitcoin is currently trading between $110,900 and $112,600, just below important resistance levels. It is challenging to categorize this rebound as a strong one because it occurred with a low trading volume. Low-volume recoveries close to crucial price thresholds have a history of losing momentum and resuming downward drift.

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Technical indicators draw attention to the degree of uncertainty. However, it does not show much buying enthusiasm, the RSI stays neutral at 45, allowing Bitcoin to rise. In the meantime, the 200-day EMA is at $104,000, which could act as a downside magnet if buyers are unable to hold $110,000. From a psychological standpoint, both bulls and bears now find $112,000 to be an uncomfortable pivot zone.

Although history demonstrates that volatility is frequently preceded by sharp low-volume recoveries, investors may view this as a short-term opportunity. If Bitcoin is unable to break through the $115,000 barrier, it may swiftly return to the $108,000-$106,000 level.

Traders need to exercise caution. Although there is some respite from the recent rebound, it lacks the volume and structural support that usually validates long-term improvements. It might be better for long-term investors to hold off on reevaluating bullish positions until consolidation occurs above $115,000.

To put it briefly, Bitcoin’s $112,000 comeback is surprising but precarious. In the absence of increased volume and momentum, the digital gold could revert, reminding investors that the current market cycle is still dominated by volatility.

Shiba Inu: Cautious optimism

Shiba Inu has spent a large portion of the year in a protracted downward trend, failing to make significant progress as other assets tried to recover. But, at last, a significant positive indication might be showing up on the charts, giving SHIB holders cause for cautious optimism.

SHIB is now trading close to $0.0000122 and has been following a symmetrical triangle pattern that is getting smaller. Significantly, recent candles indicate that sellers might be losing ground as SHIB tries to turn upward from the triangle’s lower boundary. Following weeks of consolidation and numerous setbacks at higher resistance levels, this is the first genuine indication of bullish strength.

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The moving averages are starting to come into play as well. SHIB has repeatedly tested the 50-day EMA without breaking sharply lower, indicating that buyers are likely protecting this region. Should momentum persist, SHIB may move in the direction of the 100-day EMA at $0.0000130 and then attempt to break through the 200-day EMA at $0.0000139, a crucial level that would validate a longer-term reversal.

The relative strength index (RSI), which has leveled off at 46 and is suggesting that it may rise, is another positive indication. That permits upward momentum without running the risk of running out of energy right away.

For investors, this suggests that SHIB might be about to enter a transitional phase, where the downward momentum is waning, but it does not ensure a complete breakout. If SHIB closes above the 100-day EMA and stays there, there may be a significant increase in confidence in a short-term recovery.

Although bearish influence has not fully disappeared, the downside momentum across XRP, SHIB and Bitcoin is showing signs of exhaustion. Buyers are defending key levels, but without stronger volume and bullish support, any potential rallies risk losing steam. Until structural support and sustained breakouts above major resistance levels materialize, the market’s current state remains fragile.

Author

Simon Chandler

Author

Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

September 5, 2025

With the market recovering to a cap of $3.95 trillion, the crypto price prediction for most major coins has significantly improved today.

This includes the outlook for XRP, Cardano (ADA) and Shiba Inu (SHIB), which have all benefited from the expectation that the Fed will finally cut rates when it meets on the 17-18 of this month.

These three coins have all risen in the past 24 hours, and while their respective gains aren’t substantial, they prepare the ground nicely for a bigger rally in the next couple of weeks.

And given their fundamentals, each of them could have a very strong end to the year, potentially reaching new highs.

Crypto Price Prediction Today 5 September

XRP (XRP): Ripple Expansion Boosts the Case for New ATH in Q4

Rebounding from a seven-day low of $2.72, XRP is now sitting at $2.84, marking a slight 0.3% gain in the past 24 hours.

The altcoin does remain down by 2% in a week and by 3.5% in the last 30 days, yet it boasts a 410% increase in the past year.

This makes it one of the best-performing top-20 cryptos across this timeframe, yet its enviably strong fundamentals would suggest that things can only get better in Q4.

This is largely because Ripple continues to grow as a business, having thrown off the shackles of its battle with the SEC in early August.

It has announced new acquisitions and new partnerships in recent weeks (e.g. in Dubai and Africa), boosting the bull case for XRP over the medium- and long-term.

XRP’s chart today shows that it’s very close to hitting bottom, at which point it could rebound strongly.

Its two main indicators—the MACD (orange, blue) and RSI (yellow)—have both flattened out after several weeks of decline, a sign that buyers are returning to buy XRP at a relative discount.

What’s also bullish is that the XRP price has formed a pennant over the past couple of months, from which it may break out very soon.

If it does climb above the psychologically important $2 level, it could begin a climb towards $2.50 and $3.

And if it breaks its current ATH of $3.65, it could potentially end the year closer to $5.

Cardano (ADA): Steady Growth of Layer-One Network Shows Massively Undervalued Native Token

ADA has returned to $0.826 today, marking a 1% gain in 24 hours and a 13% increase in the past month.

While it has declined in the past week, the crypto price prediction for ADA remains very positive, if only because it’s still massively below its ATH of $3.09, which it set back in September 2021.

This failure to set a new record in recent months may be disappointing, but it’s arguable that it gives Cardano the space to outpace market averages in the coming months.

This is why Ethereum (ETH) has done recently, and given Cardano’s fundamentals, it could do something similar.

Indeed, Cardano is something of a dark horse in the crypto market, with its network growing and evolving steadily.

The Cardano blockchain currently has a TVL of $365 million, a figure which has risen by 640% since the beginning of 2023 (while ADA’s price has risen by only 225%).

This shows its gradual growth, which gives ADA a great platform for further price appreciation in the longer term.

Its chart today shows it moving into what could be a major position, with ADA also looking like it could break out of a pennant in the very near future.

Its MACD and RSI also have flattened out in recent days, suggesting that a period of decline may have reached an end.

Given these factors, and given that the coin is still massively undervalued, it could return to $1 in the next few weeks, before rallying above $2.50 by the end of the year.

Shiba Inu (SHIB): Undervalued Meme Token Has Fundamentals for Big Xmas Rally

At $0.00001226, Shiba Inu has just about posted a 24-hour gain today, while it’s also up by a very modest 0.5% in the past month.

However, it has bucked the general trend by posting a loss of 9% in the past year, which may arguably point to serious problems for the coin, which appears to be struggling to attract interest.

Having said that, SHIB is also in a position similar to Cardano, in that it’s 85% below its ATH ($0.00008616) and could therefore make big headway in the coming months.

Unlike many other meme tokens, Shiba Inu and its team has gone to great lengths to give it more utility, having launched its own DEX (ShibaSwap), its own layer-two network, and various dapps.

It’s therefore entirely arguable that the market is undervaluing SHIB substantially at the moment, and that it will soon catch up once the market enters full ‘bull mode’ towards the end of the year.

Its chart today suggests that it too is close to a bottom, and may recover strongly soon.

The catalyst for a recovery may be the aforementioned FOMC meeting in the middle of September, which could result in a long-awaited rate cut.

In such a scenario, the SHIB price could reach $0.000020 by October, and could even end the year above $0.000040.

Wall Street Pepe Gains Momentum As It Prepares for Solana Token Launch

The crypto price prediction for the three coins above looks very good right now, but there are also other, newer alts that traders may want to consider as they diversify their portfolios.

New coins can often outperform the market as they enjoy their initial growth spurts, as we’ve seen with the likes of SPX6900, MemeCore and Pump.fun.

One of the newest and most interesting coins showing potential right now is Wall Street Pepe (WEPE), an ERC-20 meme coin that’s currently in the process of launching a Solana-based version of its token.

Wall Street Pepe launched in February, having enjoyed one of the biggest presales in recent memory, during which it raised over $73 million.

This gave it enormous momentum going into its launch, while the coin has also risen by over 260% since the end of May.

It’s now taking this impetus and using it as it launches an SLP version of its WEPE, which investors can buy by visiting the Wall Street Pepe website.

By launching on Solana, WEPE will take advantage of the latter’s superior speed and scalability, while also benefiting from a wider market of potential users and investors.

This launch could be a big boost for Wall Street Pepe, and timing arguably couldn’t be more perfect, given that the market seems ready for a big end-of-year rally.

Visit the Official Website Here

The market is on the verge of exiting the consolidation stage, with Shiba Inu, XRP and Cardano being on verge of their local formations that should boost volatility and push either asset into their next stage.

Shiba Inu at crossroads

With price action indicating the possibility of a significant breakdown, Shiba Inu is at a crucial crossroads. The token is stuck inside a narrowing triangle and is currently trading at about $0.0000123, but the overall structure is bearish.

Due to buyers’ inability to maintain momentum above resistance levels, each bounce has been weaker than the last. The consistent drop in trading volume is the most concerning indication. Volume has been declining since early August, which suggests that traders’ interest and involvement are waning.

Declining volume during consolidation frequently precedes strong breakouts in cryptocurrency markets, however, since SHIB is already under pressure, the likelihood of a breakdown rather than a recovery is higher.

Technically speaking, SHIB will encounter resistance right away in the range of $0.0000130-$0.0000132, and then the 200-day moving average close to $0.0000139. Every upward attempt has been capped for weeks at these levels. Support for the downside is located just above $0.0000120. The next target might be $0.0000110 or even $0.0000100, a level that runs the risk of adding another zero to SHIB’s valuation if it significantly breaks below this.

Additionally, a classic indicator of deteriorating market structure, the descending trendline from the recent highs, is still forcing lower peaks. Bearish momentum will probably prevail unless SHIB can break out above that line with significant volume. That is, there is a genuine chance of oblivion.

In addition to possibly correcting further, SHIB runs the risk of becoming irrelevant for traders seeking stronger momentum plays if support gives way while volume keeps declining.

XRP’s last test

It appears that XRP is nearing a final stand at its current price. The token is currently trading at about $2.83, just above the 100-day EMA at $2.77, which serves as the crucial line of defense. If XRP is unable to maintain this zone, it may fall toward $2.50 and ultimately the psychological $2.00 level.

The symmetrical triangle pattern that had been supporting the price since mid-August is clearly broken in the chart. XRP was forced below the lower trendline by sellers, and although it has stabilized for the time being, momentum is still brittle. A clear close below $2.77 would validate the bearish trend.

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The pattern in the volume adds to the uncertainty. The steady decline in trading volume is frequently an indication that sellers are worn out, and that bearish pressure is abating. However, low volume can also indicate fund outflows and disinterest, making XRP more susceptible to steeper drops when liquidity evaporates.

XRP has some breathing room for a recovery, as the RSI, which is currently hovering around 44 and reflecting neutral-to-weak momentum, does not yet exhibit any bullish divergence. Regaining $2.95-$3.00 is crucial for bulls. Strength would only be indicated by a persistent return above $3.00, which would pave the way for $3.10-$3.20.

XRP might still bounce back and reenter a consolidation range if support remains at the 100-day EMA. But if it fails, sentiment quickly shifts against it, making the path to $2.00 much more likely. This is a make-or-break situation for XRP investors for the time being.

Cardano’s patience

Cardano is putting its holders’ patience to the test once more. After weeks of losing momentum, the token is currently trading at a pivotal level, with bulls finding it difficult to maintain control. According to the short-term technical picture, the 100-day EMA and the crucial $0.80 support zone are both in the vicinity of ADA.

There is still hope for a recovery in ADA despite the negative undertones. The $0.80 area has previously shown itself to be resilient, serving as a base for several recoveries. Buyers can continue on their current trajectory toward $0.90 and $1.00 if they can defend this level once more.

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A psychological shift would be signaled by a breakout above $1, which might draw momentum traders and investors who had been sidelined back into the market.

However, volume trends are not very promising. Everyday trading activity has decreased, indicating a general decline in enthusiasm. This makes ADA susceptible because, when markets turn risk-off, a lack of conviction can hasten downward pressure. However, these quiet periods frequently come before explosive moves, so the next sessions are very important.

The indecision is highlighted by the RSI, close to 48, which is in neutral territory and does not indicate oversold or overbought conditions. This implies that ADA has some leeway.

In general, the market is struggling, as there isn’t much of bearish support coming in and the majority of investors are bracing themselves for multiple breakdowns, especially if Bitcoin fails to deliver in the next few weeks.

Shiba Inu (SHIB) continues to battle bearish pressures in the cryptocurrency market as the meme coin faces volatility. Amid these developments, Lucie, the marketing lead of the SHIB ecosystem, has dropped insights into the asset’s appeal factors.

Exchanges and wallet distribution boosting SHIB’s credibility

In a post shared with the community on X, Lucie highlighted that the distribution of Shiba Inu is not centralized in a few individuals. Rather, it is spread across several major exchanges and people.

According to Lucie, major wallets on Binance, Robinhood, Crypto.com, among others, have trillions of SHIB in their custody.

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These SHIB tokens are held on behalf of the millions of users invested in the Shiba Inu project. The volume of SHIB held in the wallets of these exchanges represents the top 10 holders’ count.

Besides these wallets on exchanges, individuals also have a sizable number of SHIB in their custody. The SHIB marketing executive noted that over 1.5 million individual wallets are hosted on Ethereum alone. This suggests the massive spread of ownership distribution.

In terms of geographic spread, Shiba Inu is highly concentrated in the United States of America, India, Turkey and East Asia. Other regions include Europe, Latin America, Africa and Southeast Asia.

She noted that this decentralized nature of SHIB holders could serve to enhance security and prevent price volatility from a few controlling owners.

Market performance and “Sparktember” outlook

As of this writing, the Shiba Inu price was changing hands at $0.00001243, representing a 1.18% increase in the last 24 hours.

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However, investors remain cautious of the bearish outlook of the meme coin, resulting in a 17.5% decline in trading volume to $180.3 million within the same time frame.

Despite this outlook, there is growing optimism among some community members that September will be bullish. They expect the month to trigger utility and new launches for SHIB and have dubbed it “Sparktember.”

How the dog-themed meme coin performs will be revealed with the passing of time.

Shiba Inu’s active addresses have crashed over 50% in three months, providing a bearish outlook for the top meme coin. This development has also coincided with the SHIB price crash during this period. 

Shiba Inu’s Active Addresses Crash Over 50%

Santiment data shows that Shiba Inu’s active addresses have crashed by over 50% since they peaked on May 2 at around 7,800. Since then, this metric has been on a downtrend, dropping to as low as 2,500 earlier in June. Now, the number of active SHIB addresses is currently at an average of 3,000. 

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The drop in Shiba Inu’s active addresses has followed the crash in the SHIB price. Notably, the meme coin reached a peak of around $0.17 in May and has been in a downtrend since then. CoinMarketCap data shows that Shiba Inu is down over 10% from its 3-month high in May. SHIB’s decline has occurred despite the bullish sentiment in the broader crypto market. 

During this period, Bitcoin and Ethereum have rallied to new all-time highs (ATHs). However, the SHIB price has underperformed despite its positive correlation to the flagship crypto assets. Meanwhile, Shiba Inu’s network growth also paints a bearish picture for the meme coin. Santiment data shows that this metric has been on a downtrend since it peaked in July. 

Back then, the network growth hit 2,309 in reference to the number of new users adopting Shiba Inu. Since then, the network growth has spiraled down, dropping to as low as 1,078 on September 1. However, a positive for the SHIB price is that the number of holders has increased during this period. 

Santiment data shows that the total number of SHIB holders has increased during the past three months and is currently at 1.53 million. This suggests that investors continue to believe in the SHIB price’s trajectory, despite its underperformance so far. The meme coin is down over 43% year-to-date (YTD). 

SHIB Price Confirms Bullish Pattern

From a technical analysis perspective, crypto analyst Javon Marks has also provided a bullish outlook for Shiba Inu. In an X post, he stated that the SHIB price has confirmed a bullish pattern in a regular bull divergence, as indicated by the MACD Histogram. 

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Marks explained that this suggests that a major bullish reversal back to the upside may be on the horizon. This could include a rally of over 163% to the $0.00003 range, which the analyst claimed may only be the start. As the SHIB price continues to hold its breakout over an older structure, he predicted that the meme coin could record a rally of over 570% to the $0.000081 breakout target. 

At the time of writing, the Shiba Inu price is trading at around $0.00001228, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

For weeks, Shiba Inu’s sideways movement provides nothing but unclear direction. However, a surprise rally might be closer than most people think, according to the current chart setup.

SHIB has been consolidating within a symmetrical triangle formation, a technical pattern frequently linked to strong breakout potential, which explains why SHIB has been trading between support and resistance levels that are progressively convergent since July. Right now, the price is firmly contained within the triangle, indicating a decrease in volatility and increasing pressure. Usually, a decisive action is taken when SHIB enters such compressionary periods. Importantly, SHIB is still adhering to both trendlines and hasn’t broken out of the formation. By itself, this maintains the potential for an upside breakout.

SHIB is still below important moving averages, such as the 200-day SMA, from a technical standpoint, indicating that the overall trend is still bearish. On the other hand, unexpected rallies frequently happen when traders least expect them and sentiment is low. Stop orders and short-term bullish momentum could be triggered by a clear break above the triangle’s upper boundary, which would push SHIB back toward resistance levels close to $0.0000130, and possibly higher if volume supports the move.

On the downside, SHIB runs the risk of retesting the $0.0000115 region if the triangle support is lost. The pattern’s price compression, however, indicates that the market is currently waiting for a trigger.

The main conclusion is that SHIB is still in its symmetrical triangle. The potential for an unexpected rally cannot be disregarded as long as it stays inside. Because the pattern is likely to move quickly once the breakout occurs, traders should closely monitor volume spikes and daily closes around its boundaries.

Bitcoin becoming bearish

Recent price movements for Bitcoin have rekindled concerns that the current bull market may be nearing its end. After testing resistance levels above $120,000 and continuing to rise for months, Bitcoin has now fallen below a crucial technical level: the 50-day exponential moving average (EMA). It is possible that the market is transitioning from a bullish phase to a longer bearish one as a result of this breakdown.

As a short- to midterm trend indicator, the 50 EMA has been used historically. Whenever the price gets close to the line, Bitcoin tends to bounce back and stay above it during strong uptrends. But the most recent move below this support, along with the low buying volume, indicates that the bullish momentum is waning.

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The 200-day EMA, at about $104,000, which frequently serves as the boundary between bull and bear cycles, is the next key area to keep an eye on. Traders may perceive the beginning of a more significant correction if Bitcoin closes several sessions below the 50 EMA and is unable to swiftly recover it. Increased selling pressure would probably result from such a situation, with downside targets extending toward the $106,000-$104,000 range. A bear market would be even more strongly confirmed if the 200-day EMA were to break below.

The bull market isn’t quite over. In comparable configurations, Bitcoin has previously demonstrated resilience by regaining the 50 EMA and starting to rise again. The market is currently at a turning point: Either Bitcoin maintains its current levels and rises above the $113,000 resistance, or it runs the risk of plummeting as sentiment wanes.

XRP’s summer rally ends?

The strong uptrend that propelled XRP earlier this summer may be coming to an end, as the token has formally broken down from its symmetrical triangle pattern. Bulls should be concerned about this technical breakdown, because triangles are frequently used as continuation or reversal setups. XRP’s failure to maintain support within the formation, in this instance, is bearish and may pave the way for further losses.

Not only has XRP fallen out of the triangle, but it is also perilously close to its 100-day moving average, at the moment trading around $2.81. The next important area, the 200-day moving average, is located at about $2.50 if this support fails. In the past, bullish and bearish market structures have been distinguished by this level. If there was a clear break below, more aggressive selling would probably follow.

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There is a greater chance that XRP will fall closer to the psychological $2 mark if momentum keeps waning and it is unable to swiftly recover lost ground. Losing $2 would be a significant change in attitude and might undo a lot of the gains made in the previous few months. The most recent move was accompanied by declining volume, so there isn’t much proof that buyers are acting quickly to purchase at the current prices.

This breakdown, viewed more broadly, puts XRP in a vulnerable position. What was formerly a robust upward trend driven by bullish momentum may now turn into a longer-term downward trend. The outlook remains dominated by downside risks until XRP can rise back above $3.00 and invalidate this bearish move.

XRP’s technical structure has weakened, and a decline toward $2 or even lower is very likely unless there is a swift recovery. The market now awaits the conclusion of the rally, or the ability of bulls to hold onto key support areas.

Shiba Inu forms first 2025 golden cross

Shiba Inu saw an 85% rise following the last golden cross occurrence. 

• Technical signal. SHIB 50-day MA crossed above the 200-day MA, creating its first daily golden cross this year.

Shiba Inu has formed a golden cross on its daily chart, the first such occurence in the year 2025, as SHIB saw a death cross on its one-day chart in February this year. The short-term moving average 50 has crossed above the long term moving average 200, resulting in a bullish golden cross.

• Significance. Bullish signal suggests potential upside, though market context remains cautious.

While Shiba Inu has formed moving average crossovers on the hourly or 4-hour time frames, the newly created golden cross is the first such on the daily chart this year. With this newly created bullish signal on the Shiba Inu charts, the market awaits where the dog coin will go next.

The broader cryptomarket is seeing continued profit taking, with major cryptocurrencies reversing early gains. Shiba Inu fell for three straight days from Aug. 22, when it saw a sharp rise from $0.000012 to $0.0000135. The drop hit a low of $0.00001183 from where Shiba Inu sharply rebounded in yesterday’s session.

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XRP whales dumping tokens amid $3 struggle

Recent data shows that distribution is currently taking place as XRP is struggling to reclaim the $3.

• Whale activity. CryptoQuant analyst Maartunn reports heavy XRP whale distribution, with flows flipping negative on-chain.

The chart shared by the analyst shows that whale flows on the XRP Ledger recently flipped into negative territory. According to Maartunn, a pseudonymous cryptocurrency analyst at CryptoQuant, XRP whales are currently in the process of heavily offloading their tokens. 

• Historical context. Similar sell-offs earlier in 2025 coincided with a local peak and sharp correction.

 A similar pattern, for instance, could be seen in early 2025, when the price of the token reached a local peak. This coincided with sustained whale distribution. Of course, the XRP token suffered a major correction back then. 

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Ripple CEO flaunts new Gemini XRP card

Brad Garlinghouse has posted a photo of himself rocking the new XRP card.

• Ripple CEO joins in. Garlinghouse showcased his card on social media.

Brad Garlinghouse, the CEO of Ripple, recently took to the X social media to show off his new XRP card. Gemini released its XRP credit card on Monday. The card, which offers up to 4% cash back on various products and services, was released due to the price massive gains recorded by the XRP token, Gemini says. 

• Community reaction. Despite the hype, reception among XRP holders was lukewarm.

However, the product received rather tepid reactions within the XRP community, with many claiming that it failed to live up to the hype that the exchange was trying to generate prior to the announcement. Gemini has had XRP awards with its ordinary rewards for months, meaning that the new product does not bring anything particularly novel to the table.  Some XRP holders have also criticized the fact that the new card is available only in the U.S. 

Gemini CEO Tyler Winklevoss has said that the exchange is going to give Ripple Garlinghouse “the whale limit” on his XRP card. “I’m told he’s good for it,” he quipped.  David Schwartz, chief technology officer at Ripple, has also posted his XRP rewards card that he was holding while wearing an XRP shirt and belt as well as drinking at XRPresso. 

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Bitcoin sees 1,530% liquidation imbalance as longs crushed

Bitcoin price triggers abnormal 1,530% liquidations imbalance in just four hours. 

Bitcoin’s latest derivatives data by CoinGlass shows an unusual tilt in liquidations, with the past four hours producing a total of $5.62 million in positions that received margin calls. The split is the main thing here, as about $5.28 million in longs were squeezed out compared to just $345,000 in shorts, which works out to an imbalance of as much as 1,530%.

This shakeout was caused by Bitcoin moving between $111,000 and $111,300, with the price failing to hold early gains and sliding back toward the lower band of that range. A lot of accounts that were ready for a rebound were hit when they were not expecting it.

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Peter Brandt names key level for Bitcoin

Top trader Peter Brandt claims that Bitcoin (BTC) is facing a potential double top.

• BTC alert. Peter Brandt warns BTC bulls must reclaim $117,570 to avoid a “potential” double top.

Legendary trader Peter Brandt claims that Bitcoin bulls desperately need to reclaim the $117,570 level in order to avoid a “potential” double top. The leading cryptocurrency is currently changing hands at $111,794 after dipping to an intraday low of $100,381.

During the weekend, a Bitcoin whale liquidated a total of 24,000 coins that were worth more than $2.7 billion. It is believed that the massive crash was the key reason why the price of the leading cryptocurrency has now collapsed by $4,000 in mere minutes. 

• Reactions. Adam Back called the sell-off “clumsy.”

Blockstream CEO Adam Back described this kind of activity as clumsy. “Normally, people with that kind of money would be smarter,” Back said.  Even though some market participants have downplayed the importance of the massive whale move, Brandt insists that it should not be dismissed since it represents supply.  As noted by Brandt, market tops tend to be created by supply or distribution. 

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Shiba Inu Layer-2 network Shibarium has witnessed a 99.8% drop as daily transactions hit rare lows.

According to Shibariumscan data, daily transactions for Shibarium are at 9,590, a far cry from a figure of 4.8 million seen on Aug. 20, marking a 99.8% drop.

The drop corresponds with lackluster trading action in the crypto market seen in late August, with market players staying on the sidelines.

Despite the drop in daily transaction volume, Shibarium statistics stay steady. Shibarium marked its second anniversary, having launched in August 2023, with total transactions surpassing 1.5 billion and addresses surpassing 270 million; total blocks have surpassed 12 million.

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Total transaction count on Shibarium currently stands at 1,566,119,160. Total blocks now stand at 12,811,111, and total addresses are now at 271,936,819, according to Shibariumscan data at press time.

Shiba Inu news

This week, asset manager Valour announced an expansion of its Nordic product suite with the launch of eight new SEK-denominated ETPs, including Shiba Inu on Sweden’s Spotlight Stock Market.

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Recently, the Shiba Inu team has intensified warnings to the SHIB community as coordinated bad actors and networks of fake accounts continue to actively target vulnerable investors. SHIB holders are warned not to FOMO (fear of missing out) into random links. They should also never connect their wallets without verifying the source.

In a separate warning, the Shiba Inu team reiterated that there is no official LEASH token on Solana, nor is there any migration to Solana. They also stated that any version of token not found on the SHIB website is fake and not part of Shiba Inu ecosystem.

In this light, Shiba Inu community members are urged not to engage with such fake tokens, nor should they do so with unofficial accounts.

After a severe correction, Ethereum recovered and is now firmly above the $4,300 support zone, demonstrating its resilience. The daily chart’s structure indicates that ETH may be poised for another surge toward the $5,000 milestone, suggesting that the recent pullback may have reached its end.

The 50-day EMA has been a dynamic support for ETH’s strong recovery over the last few weeks. The recent uptrend has seen shallow corrections that have been swiftly followed by fresh buying pressure. This kind of market behavior reflects strong investor confidence, a necessary ingredient for pushing ETH into uncharted territory.

The RSI at 59 indicates that there is space for a new rally, as ETH has cooled off from overbought conditions. In contrast to earlier this year, volume is still high, even though it has been decreasing during the correction phase.

In the upcoming sessions, ETH may retest recent highs around $4,800 and push above them toward $5,000 if volume increases. Nevertheless, Ethereum’s rallies are infamously erratic. Investors should keep in mind that even though the chart structure encourages continuation, parabolic advances frequently come to an abrupt end.

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Deeper corrections could return to the 200-day EMA around $3,400 if the price fails to stay above $4,200. The path of least resistance is still up for the time being. With investor interest, momentum recovery and structural support, ETH is well-positioned to try another breakout.

The $5,000 drive might happen sooner rather than later if momentum is in favor of it, but traders need to be on the lookout because Ethereum rallies have a history of reversing as fast as they start.

XRP’s critical breakdown

Now hovering just below the crucial $3.00 level, XRP is getting closer to a definitive breakdown. Instead of providing bullish potential, the symmetrical triangle pattern that has been tightening over the past few weeks appears poised to tilt toward the downside, according to the charts.

As of press time, XRP is trading close to $2.82 and has already started to decline below short-term support. By confirming the formation’s increasing weakness, this price action raises the possibility that the market is getting ready to continue its downward trend.

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While the triangle’s breakdown is a bearish signal in and of itself, it becomes even more dire when combined with declining volume. If this happens, XRP may quickly decline toward its 200-day EMA, which is located around $2.50. This level serves as both technical support and the next psychological safety net for investors.

If this were to drop, selling pressure would probably increase, and XRP would likely see more significant corrections. There are no indications of reversal divergence, and the RSI at 42 indicates bearish momentum. This implies that buyers are merely unwilling to intervene at the current levels, especially when combined with the declining market participation.

XRP is probably going to continue to face pressure unless a powerful catalyst appears, like an abrupt market-wide recovery.

In summary, the symmetrical triangle of XRP has successfully moved from a consolidation zone to a breakdown structure, and investors should brace themselves for a decline toward $2.50 unless $3 can be recovered quickly. Given the market’s fragility, XRP might not have much left to hold onto before more declines occur.

Shiba Inu anemic

The price of Shiba Inu, which is currently trading at around $0.0000122, is still consolidating inside a tightening symmetrical triangle. The lack of momentum leading into the weekend is what makes the current setup so important, even though the pattern has been developing for a few weeks.

The daily trading volume has stagnated, and SHIB has historically had little-to-no liquidity on weekends. This implies that once more market activity resumes next week, the true direction will probably become apparent.

It is evident from the technical picture that SHIB is being squeezed between the lower edge of its triangle support and the 50-day, 100-day and 200-day EMAs’ strong overhead resistance. An explosive breakout is anticipated in the future if price coils more inside this structure without volume.

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Because SHIB has continuously failed to reclaim higher resistance zones throughout August, the overall trend remains bearish, which presents a challenge for bulls. With neither bulls nor bears fully in control, the RSI at 44 indicates weak momentum.

However, SHIB might swiftly decline toward $0.0000110-0.0000100, a region that offered stability earlier this year, if the lower triangle support gives way. On the other hand, any significant recovery would require a bullish breakout above $0.0000135-0.0000140, but this move appears unlikely in the near future without volume.

Shiba Inu investors are unlikely to find answers this weekend. When volume resumes the following week, the market will decide whether SHIB can withstand another round of selling pressure or not. This is when the real test starts. The next course of action will probably decide SHIB’s short-term future since the triangle is getting close to its apex.