As the crypto market seeks direction in mid-2025, major tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and XRP are at pivotal technical crossroads. Here’s a breakdown of the latest price action and what to watch next, explained in clear terms for both new and seasoned crypto investors.
Shiba Inu (SHIB): Testing Critical Support
Shiba Inu, the meme coin that captured headlines in previous bull runs, is now facing a challenging period. The price is hovering near two crucial support levels: $0.00001167 and $0.00001061. Holding above $0.00001167 is vital for any hope of a rebound. However, SHIB has recently slipped below this threshold and is struggling to regain it, signaling weak buyer interest and low trading volumes. If the price falls below $0.00001061, it could trigger a deeper decline, potentially adding another zero to its price and erasing recent gains.
Technical indicators reinforce this cautious outlook. SHIB remains below its 50, 100, and 200-day exponential moving averages (EMAs), which now act as resistance. The Relative Strength Index (RSI) is flat around 35, suggesting little buying momentum even as the token enters oversold territory. For a turnaround, SHIB needs to reclaim $0.00001167 with strong volume; otherwise, further downside is likely .
Dogecoin (DOGE): Mini-Golden Cross Fails to Materialize
Dogecoin’s recovery has lost steam just as it was on the verge of a bullish technical signal known as a “mini-golden cross” (when the 50-day EMA crosses above the 100-day EMA). Instead, the 50 EMA is moving sideways, unable to break above the 100 EMA, and DOGE is slipping below key support levels. The next major support sits near $0.16, with the price currently just above $0.17.
Trading volume has dropped sharply since May, indicating that buyers are hesitant. The RSI is approaching oversold territory but without signs of a bullish reversal. Unless new catalysts emerge, DOGE could see further declines and a return to its bearish trend from earlier in the year.
XRP: Warning Signs After Failed Breakout
XRP recently attempted a breakout above the $2.27 resistance and key moving averages, but the move quickly reversed, dropping back below the 50 and 100 EMAs. This failed breakout, accompanied by a spike in volume and a sharp wick on the chart, suggests a classic “bull trap”—where buyers are caught off guard and sellers regain control.
The RSI has fallen below 50, indicating waning bullish momentum, and trading volume is tapering off after the failed rally. If XRP cannot hold the 200 EMA or the $2.09 support, a more significant correction could follow. This price action serves as a warning for traders: without renewed buying interest, further downside is possible.
Market Outlook
The broader crypto market is showing signs of uncertainty, with low volumes and technical resistance capping any potential recovery. For SHIB, DOGE, and XRP, holding key support levels is essential to avoid deeper losses. Investors should watch for increased volume and sustained moves above resistance as early signals of a potential turnaround.
