Following weeks of persistent selling pressure, XRP has staged a significant comeback with nearly $991 million in bounce-related trading volume recorded across leading exchanges, including Binance. This surge indicates a temporary return of risk appetite as buyers aggressively entered near support zones, causing a sharp reaction move that allowed XRP to recover short-term levels that previously served as breakdown points.
Momentum indicators show the Relative Strength Index (RSI) curling upward from severely oversold territory, suggesting downside pressure is abating and enabling short-term recovery efforts. The volume spike is crucial, as without it recoveries typically wane quickly; the nearly billion-dollar influx signals substantial capital was deployed to counteract sell pressure. However, caution remains as weekend liquidity conditions can amplify fluctuations, and a fresh wave of selling pressure at the start of Monday trading could quickly deflate the bounce.
Simultaneously, Ethereum has regained important ground after a vicious sell-off that nearly pushed it below the psychological $2,000 mark. ETH has stabilized above $2,000, entering what traders refer to as the 'green zone'. The recovery was triggered by oversold conditions and a spike in trading volume, indicating both short covering and active accumulation at discounted prices. Technically, Ethereum still faces obstacles with key moving averages above current price levels; it must stabilize above $2,000 and then reclaim the $2,300 to $2,500 range where previous support turned into resistance.
Shiba Inu has also reached one of its most technically oversold conditions in recent memory, with RSI plunging to extremely low levels. The prolonged decline has pushed SHIB through several support zones, but the recent drop was accompanied by a notable volume increase and near-record-low RSI readings, typically signaling capitulation where sellers exhaust their fuel. This environment often sets the stage for relief rallies, as even light buying pressure can trigger aggressive short-covering and speculative inflows.
From a technical analysis perspective, SHIB's price has risen 2.22% since yesterday, though it remains down 6.70% over the past week. On the hourly chart, SHIB is approaching local resistance at $0.00000630, with a potential breakout targeting the $0.00000640 range. On longer timeframes, the key level to watch is $0.00000642; a daily close above this could fuel an upward move toward $0.0000070. From a midterm view, SHIB has made a false breakout of the previous bar's low at $0.00000616, and a candle closing far from that mark could trigger a bounce toward the $0.0000070-$0.0000080 range.
