The crypto market is trying to find its footing, but the jury’s still out on whether this is a genuine recovery or just a dead-cat bounce. Here’s what’s going on with XRP, Shiba Inu, Bitcoin and Solana as the week kicks off.
XRP is struggling. It broke below its months-long $1.30–$1.50 range and accelerated toward the psychologically critical $1.00 level. All three major moving averages are sloping downward above the current price, which means sellers are firmly in control. The RSI hovers near 32 — approaching oversold — but that alone doesn’t mean the bottom is in. If $1 breaks, there’s not much support underneath. A relief rally toward $1.14–$1.15 might happen if buyers step in, but the trend stays bearish until it reclaims those moving averages.
Shiba Inu has its own problems. More on that in the whale breakdown below.
Bitcoin and Solana are testing key levels too. The broader market structure remains bearish, though there are pockets of strength. Solana in particular still has breakout potential if volume returns.
Bottom line: don’t trust a bottom until you see sustained volume and a reclaim of key moving averages. Not just a wick bounce on low volume.
