XRP Breaks $2.40 Resistance as SHIB and ETH Show Bullish Momentum

10.07.2025 10:37

XRP has decisively broken above the critical $2.40 resistance level, marking its first major technical milestone toward the psychologically significant $3 threshold. Trading within a clear ascending channel, XRP's breakthrough comes amid strengthening momentum with its daily RSI reaching 67 – indicating sustained buyer interest without overbought conditions. Historically, the $2.40 zone halted rallies throughout late 2024 and early 2025, but this breakout is supported by increasing volume, suggesting genuine buying pressure rather than speculative spikes.

Simultaneously, Shiba Inu (SHIB) has reclaimed its 26-day EMA – a historically reliable bullish indicator for the memecoin – as its price approaches the $0.0000125-$0.000013 resistance range. SHIB's RSI at 53 shows room for growth, though it faces layered resistance at the 50 EMA ($0.000013) and 100 EMA ($0.0000145). Ethereum (ETH) consolidates near $2,670, trading above all major moving averages while exhibiting declining exchange volumes – often signaling accumulation. Notably, Binance recorded a 5.34% reduction (285,000 ETH) in reserves during June, suggesting long-term holding sentiment as ETH's RSI at 60 supports a potential push toward $3,000.