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XRP is approaching a critical technical juncture after entering a 20% correction from its recent local high, with on-chain data identifying several key support and resistance levels that could shape its next move. According to market analyst Ali Martinez in an August 29 X post, XRP rallied 71.8% from $0.988 to $1.698 before pulling back and testing a major demand zone between $1.35 and $1.38. Martinez noted that Glassnode’s UTXO Realized Price Distribution (URPD) data shows approximately 3.2 billion XRP were previously traded within this range, making it one of the asset’s most significant support areas. The concentration of trading activity around this level suggests many holders accumulated XRP in the zone, potentially creating strong buying interest if the cryptocurrency remains above it. The URPD data also highlights several major resistance levels above the current price. The first notable barrier sits at $1.60, where roughly 1.99 billion XRP were t...

Shiba Inu (SHIB) made a recovery to the $0.00000620 price level after a market-wide rebound. CoinGecko data shows that SHIB’s price surged by 21.7% in the last week and more than 31% in the monthly charts. SHIB is one of the most popular cryptocurrency assets in the market. Despite its popularity, SHIB’s price has struggled to gain momentum over the last year and a half. While the rally is welcome, there might be trouble ahead. Source: CoinGecko Can Shiba Inu Sustain Its Price Recovery? Source: WatcherGuru Shiba Inu (SHIB) is already showing signs of weakness. The dog-themed cryptocurrency has fallen to the $0.000005576 price level and may continue to dip further. The cryptocurrency market, in general, is seeing a sell off. Nearly $550 million worth of long positions were liquidated earlier today in less than 60 minutes. Bitcoin (BTC) is also showing signs of a correction. If BTC dips, the larger market will likely follow suit. SHIB, often considered a “memecoin,...