Karla Barker 
XRP Struggles Despite Network Growth
XRP finds itself in a frustrating position once again. The network is actually seeing more usage, with transaction counts and payment activity increasing. But the price just isn’t following along. I think this disconnect between fundamentals and price action is becoming a real pattern for XRP.
Technically, things don’t look great either. The recent rejection near the 100 EMA was pretty decisive. Buyers seemed to vanish after that, and volume dropped off. Now we’re back to weak consolidation, which honestly feels bearish to me. Upside attempts right now seem more like statistical noise than actual trend shifts.
What’s interesting, or maybe annoying, is that institutions appear to be sitting this one out. There’s some exposure, but it feels passive. No aggressive accumulation, no big players stepping in to protect levels. Without that institutional size entering the market, technical resistance zones and sellers remain in control.
Bitcoin Shows Oversold Conditions
Bitcoin is flashing some signals that typically appear when markets have moved too far, too fast. After weeks of pressure and a steep sell-off, BTC is trading in a zone that’s usually associated with oversold conditions. This opens the door for a potential retrace and recovery attempt.
But I should be clear – this doesn’t necessarily mean a complete trend reversal. Bitcoin has been below its important short- and midterm averages for a while now. The RSI has recovered from lower ranges, which suggests selling pressure might be easing. Momentum indicators aren’t speeding downward anymore.
Whether this leads to actual recovery depends on buyers showing up with real volume, not just short-covering. A quick return to the $98,000-$100,000 range makes technical sense, especially considering how forcefully the price was sold previously. Bitcoin fits the description of an oversold market right now, and those tend to snap back before deciding on their next move.
Still, the overall trend remains damaged. If BTC can’t maintain recovered levels and loses the 26 EMA again, this oversold signal might just turn into a dead-cat bounce rather than a proper recovery.
Shiba Inu Faces Local Resistance
Shiba Inu is facing rejection again, but this one feels different somehow. The recent retreat from resistance seems more like transition than outright weakness. Price action is compressed into an extremely narrow range, which usually indicates indecision rather than trend failure.
Volume behavior supports this interpretation. Instead of spiking sharply on the rejection, volume actually cooled off following the recent upside attempt. That suggests there’s not significant distribution happening here. Rejection candles in clean bearish continuations typically come with increasing sell volume, and SHIB isn’t showing that right now.
Momentum indicators tell a similar story. The RSI is still higher than previous lows and isn’t moving into oversold territory. This suggests equilibrium rather than fatigue.
What’s happening, I think, is that the market is pausing, waiting for some kind of catalyst. Tight price ranges like this rarely sustain themselves, especially after a significant move off the lows. As volatility decreases, the likelihood of a volatility squeeze increases.
So SHIB might be coiling here, and it’s conceivable we’ll see a sharper move in either direction during upcoming sessions. The wider attempt at recovery isn’t necessarily invalidated by this recent rejection. As long as SHIB maintains its local support zone and prevents a high-volume breakdown, this stage could be structural digestion rather than trend reversal.
These transitional phases often precede impulsive moves, not trend reversals. But we’ll need to watch those daily closes carefully to see which way things break.