As assets like $XRP stand strong against the spike in selling pressure, $SHIB, $ETH and others are slowly losing ground under their feet
unexpected reversal rally and breakout did not last for long. On Wednesday the 18th, SHIB broke through the 200-day moving average in an explosive manner, leaving most of the bears who accumulated short positions at the aforementioned level behind.
However, the breakout that put SHIB at its 75-day high quickly faded after whales provided noteworthy selling pressure, crashing down the premature ladder of support levels that was not ready for an influx of sales.Unfortunately, Shiba Inu has not yet found any power to bounce back strongly and has been sitting at the same price level as three days ago.
At press time, XRP is trading above the 50-day moving average, which can be considered a reversal zone for the asset. The Relative Strength Index is also too far from the"overbought" zone for XRP, which most likely means that the asset has enough room to grow in the next few weeks or even months. Unfortunately, not much has been happening around XRP's ecosystem despite numerous statements about the network's fundamental importance.
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