cryptonewss

#Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.
It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.
However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30.
At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value.
Exchange Outflows Reduce Immediate Selling Pressure
Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.
According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period.
This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.
Technical Outlook Remains Mixed
Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.
Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.
Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.
While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.
#CryptoNewss

#XRP has reached an important resistance level after breaking above the Ichimoku Cloud on the one-hour chart amid a recent rebound push.
The breakout has improved the token’s short-term outlook, but buyers still need to push through key resistance levels before they can confirm that the recovery has more room to continue.
XRP Recovers but Meets Strong Resistance
XRP bounced back sharply after dropping to a recent swing low of $1.0826. The recovery carried the token above the Ichimoku Cloud before it met resistance around $1.13.
At the time of writing, XRP trades at $1.1311, down 0.24% over the past day. Amid this slight decline, it remains to be seen if buyers can build on the breakout or whether sellers will stop the rally.
The latest move has strengthened the short-term picture, but the broader trend still points lower. Because of that, traders have yet to treat this recovery as confirmation of a full trend reversal. The next price moves will likely show whether XRP can extend its gains or return to its earlier downtrend.
Ichimoku Cloud Shows Buyers Have the Edge
The Ichimoku indicator suggests buyers have gained control in the short term. XRP now trades above both the Tenkan-sen at $1.1240 and the Kijun-sen at $1.1114, and this shows growing buying strength. As long as the price stays above these lines, buyers keep the advantage.
However, the breakout still faces an important test. Senkou Span A sits at $1.1311, matching the current price and acting as immediate resistance.
Meanwhile, Senkou Span B stands at $1.1177, creating a key zone between $1.1177 and $1.1311. If XRP remains above this area, the breakout stays intact, and the short-term outlook remains positive.
A move back inside the cloud would weaken the current setup and increase the chances of another pullback. At the same time, the Chikou Span has not yet moved above the price levels from 26 periods ago. Until that happens, the Ichimoku signal remains positive but still lacks full confirmation.
XRP Fibonacci Levels
Elsewhere, XRP’s Fibonacci extension reveals areas traders should watch next. The nearest support levels sit at $1.1251, which marks the 0.786 retracement, and $1.1158 at the 0.618 retracement. If XRP pulls back, these levels could help slow the decline.
If selling pressure increases, the next support comes in at $1.1002 near the 0.33 retracement. This level also sits close to the Kijun-sen, which makes it an important area that could help determine whether the recent recovery remains in place.
On the upside, XRP first needs to break above the 0.888 Fibonacci level at $1.1307, which aligns with the upper edge of the Ichimoku Cloud.
A successful move above this level would bring the 1.0 extension at $1.1369 into focus. If buyers keep the momentum going, they could then target the 1.272 extension at $1.1522, followed by the 1.414 extension at $1.1602.
Even so, the resistance zone between $1.13 and $1.16 could slow the rally. Buyers will likely face fresh selling pressure throughout this range. Breaking above each level would strengthen the recovery, while rejection could send XRP back toward its nearby support levels.
XRP Momentum Slowing Down
Although XRP has recovered slightly, the Directional Movement Index suggests buying strength has started to fade. The Average Directional Index (ADX) stands at 33.6457, showing that the market still has a strong trend instead of moving sideways.
However, the positive directional indicator (+DI), which measures buying pressure, has fallen from 37 to 29.3752 over the past few hours. This drop suggests buyers have lost some momentum even though the price has held near its recent highs.
Meanwhile, the negative directional indicator (-DI) has also declined to 11.5424, showing that sellers have not yet taken control.
This leaves the market in a balanced position. Buyers still have the advantage because the +DI remains above the -DI. However, if buying pressure continues to weaken while the ADX stays high, XRP could pull back toward the support area between $1.1158 and $1.1177.
#CryptoNewss

Are we "One Step" away from the Historic Deal or at the Last Bull Trap? 📈
What began as a technical relief bounce has started to take on a much more solid dimension. Over the past 24 hours, the global capitalization of the crypto market is up +0.85%, reaching $2.26 trillion, driven by a decisive turn: the narrative of real legislative progress in the U.S. is reigniting the engines of institutional capital.
As we dangerously approach the August 7 senatorial recess, statements from the Treasury Secretary, Scott Bessent, saying that lawmakers are "one step" away from finally defining the roles between the SEC and the CFTC have served as the macro catalyst the market was waiting for.