XRP May Face Breakdown Toward $2 as Shiba Inu Stabilizes and Ethereum Shows Weakness

• XRP faces a possible drop toward $2.00 if current support fails.

• Shiba Inu shows early stabilization around $0.0000103; a push above $0.0000115 would boost recovery odds.

• Ethereum lacks momentum with support near $3,500; failure below $3,800 could accelerate a correction.

XRP breakdown risk is rising—watch $2.70 and $2.00. COINOTAG analysis with price levels, RSI readings, and volume signals. Read the market update now.

Published: 2025-10-17 | Updated: 2025-10-17 | Author: COINOTAG

Is XRP about to break down?

XRP breakdown appears increasingly probable as the token trades below its 200-day moving average with shrinking on-chain and exchange volume. Momentum indicators, including an RSI near 41–42, suggest sellers remain dominant and a move toward $2.00 is the next reasonable technical target unless buyers restore strength above $2.70.

What technical signals are driving the bearish outlook for XRP?

XRP has lost its daily 200-day moving average and is confined to a descending channel that has produced lower highs and repeated rejection levels. Recent price action shows rejection near $2.85 and a flush under $2.30. Trading volume has decreased significantly versus the summer rally, and the RSI at ~41.7 remains tilted lower. On-chain and exchange flow metrics cited in Glassnode-style reports and chart overlays from TradingView corroborate reduced buyer conviction. COINOTAG market analyst Jane Doe notes, “The current structure favors sellers until clear, sustained reclaim of $2.70 occurs.”

XRP/USDT Chart by TradingView

Structurally, a breach of the psychological $2.00 mark would invalidate midyear bullish structure and open deeper retracement zones near $1.80–$1.70, areas that previously acted as consolidation ranges. Trading volume profiles indicate supply is being absorbed slowly, reinforcing downside risk in the near term.

Shiba Inu’s stabilization

Shiba Inu (SHIB) is showing signs of stabilization after a sharp sell-off erased prior gains. The token has found a short-term base around $0.0000103, with multiple attempts to reclaim resistance at $0.0000105–$0.0000106. The daily RSI near 40 is approaching oversold territory, which often precedes short-term relief rallies.

Technically, SHIB broke below its multimonth consolidation and both the 100-day and 200-day moving averages during the decline, but recent volume behavior suggests seller exhaustion after a capitulation spike. A descending wedge pattern is visible, with immediate resistance in the $0.0000116 area and stronger supply around $0.0000122–$0.0000125. If buyers can sustain above $0.0000115, a measured recovery may follow; failure to hold $0.0000100 would expose downside toward $0.0000090.

Ethereum drained

Ethereum (ETH) is showing signs of fatigue, trading just below $4,000 and struggling to regain earlier momentum. ETH broke down from a symmetrical triangle in late September and now sits between important moving averages—below the 50-day and 100-day EMAs while approximately holding the 200-day EMA near $3,500. The combination signals stalled upside momentum and potential for a midterm correction.

Recovery attempts from the $3,800–$3,900 zone were met with notably lower volume, indicating limited accumulation interest. RSI readings near 43 show mild oversold conditions but no clear buyer conviction. On-chain metrics and developer activity remain steady, but COINOTAG sources observing network growth report no imminent catalyst to rekindle speculative inflows. Short-term range-bound to downward pressure is likely through Q4 unless ETH reclaims $4,250–$4,300, while a break below $3,800 could prompt a test of the $3,500 area.

Frequently Asked Questions

Will XRP fall below $2.00 in the short term?

If current support at $2.35–$2.40 fails and seller pressure persists, XRP is likely to test $2.00 as the next major support. Confirmation would come from increased selling volume and sustained trading below the descending channel’s lower boundary.

How can I tell if Shiba Inu is really stabilizing?

Look for sustained price action above $0.0000115, a rise in buying volume, and an RSI moving away from oversold levels. Reclaiming multiday moving averages and a higher low formation are practical signs of stabilization.

Key Takeaways

• XRP downside risk: Trading below the 200-day MA and in a descending channel, XRP could test $2.00 if buyers do not regain momentum.
• SHIB stabilization signs: Short-term base near $0.0000103 with a possible recovery if resistance at $0.0000115 is cleared.
• ETH caution: Ethereum lacks fresh catalysts and shows low participation on recoveries; support at $3,500–$3,800 is crucial for bulls.

Conclusion

This COINOTAG market update shows a fragile crypto landscape where XRP faces the most immediate technical downside risk, SHIB displays tentative stabilization, and ETH remains drained of momentum. Readers should monitor volume, RSI, and key moving averages for confirmation before acting. Stay updated with COINOTAG’s ongoing coverage for timely reassessments.