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Markets13h ago

XRP's Fundamental Party Gets Crashed by Price Action, Bitcoin's Oversold Hangover Needs Coffee, and Shiba Inu's Tight Squeeze

$XRP$BTC$SHIB

XRP is stuck in a familiar, frustrating loop. Despite rising network usage and improving fundamentals, the price refuses to follow. The market has spoken: demand is insufficient at critical resistance levels, crushing any upside momentum. Technically, the structure deteriorated after a rejection near the 100 EMA, which now acts as a hard ceiling. With buyers vanishing and volume dropping, XRP has returned to a weak, bearish consolidation. This disconnect between network growth (rising transaction counts and payment activity) and price performance is particularly annoying. Institutional exposure exists, but it's passive—no aggressive accumulation or ETF-like inflows. Without real size entering the market, technical resistance and sellers maintain control.

Bitcoin is flashing oversold signals after weeks of pressure and a steep sell-off. This typically opens the door for a quick retrace and brief recovery attempt, but not necessarily a full trend reversal. BTC has been below key short- and midterm averages for a while, only lately trying to recover the 26 EMA while the 100 EMA looms above. RSI has recovered from lower ranges, indicating selling pressure is lessening. However, a true recovery depends on whether buyers show up with actual volume, not just short-covering. A swift return to the $98,000-$100,000 range is plausible given the prior forceful selling. BTC fits the oversold description, which often snaps back before deciding direction. Still, below significant long-term resistance and with a damaged overall trend, the oversold signal could turn into a dead-cat bounce if BTC loses the 26 EMA again. Bullish volume growth in the latest rebound attempt shows buyers are at least experimenting. If that volume continues and BTC stabilizes above short-term support, the market could see a significant retrace driven by sidelined capital and late sellers covering. In short, a quick retracement and recovery is possible, but it's conditional, not structural—a tactical window, not a sign of long-term upside. The upcoming daily closes will determine if oversold conditions lead to relief or just another pause before continuing.

Shiba Inu is hitting local lows, but this rejection is less dramatic than it seems. The retreat from resistance feels more like transition than outright weakness, with price action compressed into an extremely narrow range. Technically, the 100 EMA remains a ceiling, and SHIB trades below heavier moving averages—rejection near that zone is normal. Importantly, sellers haven't forced a lower continuation; instead, price is compressing between converging levels and holding above short-term support, signaling indecision rather than trend failure. Volume cooled off after the recent upside attempt, not spiking on rejection, implying no significant distribution. Momentum indicators show equilibrium: RSI is higher than previous lows and not oversold. The market is pausing, awaiting a catalyst like volatility expansion. Tight ranges rarely last long, especially after a significant move off lows, so a volatility squeeze is likely—SHIB is coiling and could move sharply in either direction soon. The wider recovery attempt isn't invalidated as long as SHIB maintains local support and avoids a high-volume breakdown. These transitional stages often precede impulsive actions, not trend reversals.

XRP's Fundamental Party Gets Crashed by Price Action, Bitcoin's Oversold Hangover Needs Coffee, and Shiba Inu's Tight Squeeze - GasCope Crypto News | GasCope