After a 10% rally from the beginning of the month, XRP has entered a crucial technical zone, giving investors the kind of decisive action they have been waiting for as July gets underway. According to the chart, XRP has established a distinct ascending channel that indicates ongoing bullish momentum while breaking decisively above its moving averages — particularly the 26 and 50 EMAs.
There is more to this clean move above previous consolidation than a mere technicality; it indicates that traders are becoming more optimistic and are willing to take on more risk in the $2.30-$2.40 range. The underlying network activity of XRP has also begun to increase, which is possibly more significant than price alone. New user addresses on the network increased slightly but significantly over the past week, according to recent on-chain data.
This is frequently associated with new liquidity inflows and increased asset confidence. If this pattern holds, it might give the breakout the fuel it needs to continue instead of letting it fade away like so many previous rallies have. XRP is currently trading above all of the major moving averages technically. The mid-60s is a strong level that is not yet in the danger zone of overbought extremes, according to the Relative Strength Index (RSI).
At the same time, the price volume has increased, confirming that real buying — not slender liquidity or sporadic whale moves — is what is causing this spike. What comes next? It will be crucial in the area between $2.40 and $2.50. Some historical selling pressure has surfaced in this area, but if XRP can break through and stay above this resistance, there will not be much preventing a run toward the psychological $3 barrier.
Shiba Inu offers hope
The long-awaited breakout above Shiba Inu's (SHIB) 26-day Exponential Moving Average (EMA) indicates that the stock is once again exhibiting activity. The 26 EMA's recovery has historically been a dependable indicator of bullish momentum for SHIB, so this move is more than just a temporary bounce. This clean surge above the EMA gives traders and investors new hope that the meme token may be ready to begin a new upward leg after months of grinding lower.
The market's overall sentiment has improved, and accumulation has been steady leading to the breakout. Now the price of SHIB is moving into an area that has served as both support and resistance in the past, roughly between $0.0000125 and $0.000013. An assault on higher targets might be possible if the daily close above this region is successful.
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Before SHIB can boldly pursue the psychologically significant $0.00002 level, it still needs to overcome a number of technical obstacles. The 50 EMA close to $0.000013 will probably be the next significant resistance, followed by a convergence of the 100 EMA and horizontal resistance at $0.000145. Turbulence may result from this layered overhead supply, particularly if traders are trying to profit from the most recent move. However, as the price broke through the EMA barrier, the volume profile changed in favor of SHIB, indicating growing interest.
Around 53 — which is strong but not overbought — the RSI has also entered more positive territory. The general mood is cautiously upbeat. The 26 EMA's obvious technical reclaiming is the first indication in months that bulls may finally be taking back control, even though SHIB's reputation as a volatile meme coin endures.
SHIB has a good chance of maintaining this rally and possibly testing higher levels in the upcoming weeks if the larger cryptocurrency market keeps improving.
Ethereum accumulation continues
With Ethereum displaying some of its most optimistic signals in months, a $3,000 breakout is very likely. ETH has firmly recovered its key moving averages over the last few weeks. Strong upward momentum is usually preceded by a technical posture, and the price is currently trading decisively above the 50, 100 and 200-day moving averages. With steady higher lows and a positive acceleration in price action, ETH is strengthening its foundation and is currently trading close to $2,670.
Since early June, trading volumes have generally decreased, but this is not always a cause for concern. A period of declining volume during consolidation frequently signals waning seller conviction, opening the door for accumulation stages and, as liquidity tightens, breakouts. The most recent snapshot of Binance's asset reserves supports the bullish thesis.
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Data showed that there was a notable outflow of Ethereum holdings; between June 1 and July 1, about 285,000 ETH or 5.34% left the platform. It is frequently assumed that this degree of persistent withdrawal indicates that investors are transferring assets from exchanges to long-term storage, which lowers the supply and increases the likelihood of supply-driven price growth.
The Relative Strength Index (RSI), which has increased marginally to about 60, indicates that momentum is gaining strength without yet reaching overheated territory. This gives ETH plenty of space to rise before raising worries about overzealous speculation. With demand appearing to be rising in the background and price structure clearing resistance zones, Ethereum appears to be in a strong position to push toward the psychologically crucial $3,000 mark.
Ethereum has every opportunity to increase its gains as long as general market sentiment stays positive and Bitcoin stays away from significant retracements. In order to trigger the subsequent leg of this rally, traders and investors should keep an eye out for a clear break above the recent highs around $2,700.
