Bitcoin is trading at $64,500 after rebounding from levels below $60,000, but the next technical test is already in view: the 50-day EMA at $65,400. The source says trading volumes have remained steady and RSI has moved back above 50, a sign that demand has returned, though the move has not yet confirmed a broader trend reversal.
Bitcoin closes in on the 50-day EMA
The market’s near-term focus is whether Bitcoin can reclaim $65,400. A break above that level would put the next upside target near the 100-day EMA at $69,000, followed by the 200-day moving average around $75,000. The article notes that there is little major resistance between the 50-day and 100-day averages, which could allow for a faster move higher if bulls push through. If the level rejects price again, support near $60,000 comes back into play.
XRP challenges resistance at $1.12
XRP has started to recover after spending weeks under declining resistance. The token bounced from late-June lows near $1.00, avoiding another lower low and halting the extension of the previous bearish structure. It is now testing a key resistance zone around $1.12, where the 26-day EMA meets a descending trendline.
The source describes this rebound as a gradual stabilization rather than a classic reversal pattern such as a double bottom or a capitulation spike. RSI has turned higher and is moving toward neutral territory without entering overbought conditions. If demand holds, the next upside target is $1.17, with heavier resistance seen in the $1.25 to $1.30 area. On the downside, bulls need to defend support near $1.05. Even so, the broader trend is still under pressure because the 100-day and 200-day moving averages remain above price.
SHIB stabilizes near late-June lows
Shiba Inu (SHIB) is showing signs of stability after a difficult stretch this year, trading around $0.00000440. Buyers have managed to defend the late-June lows, and the token has entered a consolidation phase instead of making fresh lows. That does not confirm a reversal, but it does indicate that selling pressure has eased.
RSI has recovered from oversold territory, though it remains below levels usually tied to strong bullish reversals. The article also points to rising trading volume, suggesting a possible shift toward accumulation. Immediate resistance sits near the 26-day EMA at $0.00000460. If that level breaks, traders may look to the 50-day EMA near $0.00000480 and the 100-day moving average around $0.00000530. The 200-day moving average still stands well above the current price, so the longer-term downtrend has not been fully challenged.
Recovery is visible, confirmation is still missing
Across Bitcoin, XRP, and SHIB, the shared pattern is a rebound from recent lows and an early return of buying interest. The difference lies in confirmation. Bitcoin still needs to clear $65,400, XRP is pressing against $1.12, and SHIB has yet to move through $0.00000460. Until those levels are reclaimed, the current action points to recovery, not a completed bullish shift.