XRP Mini Death Cross Forms Below $1.40 as SHIB, ETH Test Support
Shiba Inu is sitting at the $0.0000064 to $0.0000065 zone, right at the upper boundary of its ascending channel, while Ethereum is fighting to defend the ₱122,801 ($2,000) mark. XRP faces critical support at $1.30 to $1.32 after a mini death cross formed below $1.40.
Key Takeaway
All three tokens face resistance clusters with weak momentum, suggesting further downside unless key support levels hold.
XRP is trading just below the $1.40 zone after its short-term moving averages crossed bearish, forming what traders call a mini death cross. Every attempt to break the $1.45 to $1.50 resistance range has been rejected, leaving the $1.30 to $1.32 support level as the next critical test.
Similar hourly death crosses appeared on XRP charts during prior sell-offs, including amid ₱31.62 billion ($515 million) crypto liquidations linked to macro factors like hotter-than-expected producer price jumps that signaled Federal Reserve rate cut delays. Death cross patterns on XRP have historically preceded protracted downtrends when combined with low momentum and waning trader interest, often tipping neutral sentiment bearish.
Shiba Inu is sitting close to the $0.0000064 to $0.0000065 zone, right at the upper boundary of its ascending channel. That same price level has become a resistance ceiling, blocking any breakout attempt since the April recovery. The lower trendline of the ascending channel sits around $0.0000060, and low liquidity across XRP, Shiba Inu, and Bitcoin suggests market stagnation rather than directional moves.
Ethereum is fighting to defend the ₱122,801 ($2,000) mark, which has become the line in the sand for buyers. ETH showed a steady rise from its February bottom with higher lows, and recent recovery in the sub-₱128,941 ($2,100) zones suggests buyers are defending that area. The current resistance cluster sits between ₱141,221 ($2,300) and $2,400, where the 50 EMA and a declining trendline align. The 200 EMA remains positioned well above current price, indicating the overall trend is still negative. Ethereum's ability to hold $2,000 will determine whether buyers can attempt another run at the $2,300 to $2,400 resistance or if sellers push toward new lows, with XRP's $1.30 to $1.32 support having held multiple times since March.
This article was written based on reporting from U.Today.
