- The cryptocurrency XRP has increased by 16.9% following Donald Trump announcement on crypto reserve decision.
- A potential price breakout appears possible for SHIB when it crosses above the $0.00001508 resistance area because its EMAs show bullish signals.
- The market equilibrium could produce a price drop for XRP to $2.40 as well as SHIB to $0.0000135 depending on profit-selling activities and resistance factors.
Shiba Inu (SHIB) and XRP are showing contrasting market movements, with SHIB experiencing a modest 3.28% increase, while XRP has surged by 16.9% in the past 24 hours. Although the SHIB token experienced an increase in price its BTC and ETH trading pairs demonstrated weakness with a decrease by -3.5% and -3.8% respectively. SHIB has limited potential for a noticeable price increase unless positive market trends emerge across all cryptocurrencies.
Technical Analysis and Key Levels
According to data from SHIBpossessor, SHIB/USDT has been displaying a bullish trend, with (EMAs) aligning to support further upward movement. The 7-period EMA rests at 0.00001482 USDT whereas the 25-period EMA stands at 0.00001445 USDT and the 99-period EMA is at 0.00001398 USDT. Market momentum appears positive for the short term since price consistently remains above both 7-period and 25-period EMAs.
Consolidation periods are a good time to invest more in good projects!📊#SHIB looks great for this!🚀 pic.twitter.com/dZk4Lc7Kwi
— SHIB POSSESSOR (@SHIBpossessor) March 3, 2025
Consolidation periods often indicate potential accumulation, where traders anticipate a breakout in either direction; thus,a successful push above 0.00001508 USDT could trigger SHIB continuation of the uptrend, potentially testing higher resistance levels.
Trump’s Crypto Move Sparks XRP Surge Toward $3.00
Through his social media post US President Donald Trump revealed his decision to include select crypto tokens within newly established US Crypto Strategic Reserves causing digital token market prices to surge by up to 75% within one day with XRP surging $0.40.
XRP has shown significant bullish strength since then with its price at $2.67, trading near the upper end of its 24-hour range ($2.23 – $2.96). If momentum continues, XRP could challenge the $3.00 level, with further upside targets at $3.20 – $3.50. However, if profit-taking occurs or resistance holds, XRP may correct toward $2.40 or lower.
XRP’s surge following Trump’s crypto policy hints at sustained momentum, while SHIB eyes a breakout, market sentiment will determine future trends.
