Due to its incredible rise, XRP’s price has risen to $1.95, bringing it closer to the psychological $2.00 mark and increasing its market cap to a staggering $110 billion. Due to the asset’s remarkable rally, investors are now speculating on two possible futures for it based on its current price performance.

If XRP maintains its momentum, a break above $2.00 could lead to another round of bullish activity. Strong upward pressure can be seen on the chart, reinforced by consistently high volume over the past few days. Profit-taking may occur at the next resistance level, which is around $2 to $20.

XRP could become one of the best-performing assets in the market if it breaks this barrier and continues to rise to $2.50. However, volume must remain high and investor confidence must not decline for this scenario to occur. Conversely, XRP’s RSI suggests that the rally may be overextended as it is currently in overbought territory. A pullback could occur if $2.00 is not broken and $1.70 and $1.50 act as possible support levels.

The 21-day EMA, which has been reliable support during this uptrend, and previous resistance points are both at these levels. It would be beneficial for the asset to experience a period of consolidation in this area so that it could build strength for a subsequent upward push.

Shiba Inu’s extraordinary move

Shiba Inu is showing exceptional strength with the price rising to $0.00002956 and quickly approaching the psychological level of $0.00003. A bullish consolidation pattern has recently broken out, giving traders new hope for SHIB’s uptrend. You are now wondering if the asset will wipe out another zero and reach a target of $0.0001. According to the chart, SHIB has strong buying momentum after breaking key resistance levels at $0.000027 and $0.000028 on increased trading volume.

Related

This breakout was preceded by weeks of sustained accumulation and a solid correction phase, allowing the asset to lay a solid foundation for its current move. If the next resistance level just above $0.00003 is broken, SHIB could reach much higher levels. If the price fell to $0.0001, there would be a profit of around 238%.

This may sound like a lot of work, but such actions are nothing new in the cryptocurrency space, especially with meme coins that have a large following and fan interest. However, for this scenario to occur, SHIB would need to maintain its momentum and see consistent volume increases to prevent a loss of momentum.

If the asset approaches overbought territory, the RSI of 71 suggests that there could be a short decline or consolidation. SHIB could stabilize at the key support levels of $0.000027 and $0.00002445, where the rally could temporarily cool down.

Pepe’s rise

Given the upward move above the downtrend line shown on the chart, Pepe appears to be in the midst of a breakout. This breakout implies both the possibility of recovery and the potential for significant growth in the near future.

This breakout above $0.00002103 suggests that the recent downtrend has reversed. This move has gained traction due to increased trading activity, suggesting that traders are regaining confidence in the asset. If PEPE breaks its next immediate resistance at $0.00002200, it could potentially post further gains towards the $0.00002500 level.

Related

Support lies at $0.00001793, a critical level that served as resistance during the previous downward consolidation phase. This level acts as the first line of defense if PEPE fails to sustain its breakout. The next key support, which coincides with the 50 EMA and serves as a more solid base for long-term bullish momentum, is around $0.00001398. The implications of this outbreak are significant going forward.

The next target of $0.00002500 seems achievable in the near term if PEPE can maintain its position above the trendline and continue to gain momentum. After an extended rally, PEPE could approach $0.00003000, a psychological benchmark that suggests a robust recovery from previous declines. But caution is advised.

The RSI is currently at 65, indicating potential for further growth. However, traders should keep a close eye on volume levels to check the strength of the breakout. If volume is not consistent, the move may not receive the support it needs to escape a consolidation phase.