According to recent market commentary, XRP Ledger payment volume has climbed by almost 800% over the last month, even as XRP's price continues to trade in a clear downtrend below its 200-day moving average. The network shows sharp spikes in account-to-account transfers, suggesting rising on-chain throughput while price action remains compressed and technically corrective. This divergence leaves XRP in a mixed setup where elevated ledger activity may be laying groundwork for future volatility without yet confirming a bullish reversal.

Shiba Inu is currently trading around levels that previously marked a major cycle low, after shedding roughly half its value from recent local highs. The token shows weak momentum, low volatility and compressed price action, conditions that once preceded a rapid rally of about 400% in February 2024, but any similar move now would still depend on broader market liquidity and renewed risk appetite.

The market is described as being in a late-stage downtrend where selling pressure is fading even as fresh capital remains scarce. Shiba Inu has already lost around half of its value from local highs, Ethereum has printed a minor daily death cross, and Bitcoin’s retreat toward $80,000 is being watched to see if it forms a base or extends its decline. Analysts note that weakening downside momentum across several majors may point to corrective action rather than a new, aggressive bearish leg.

According to the analysis, after a corrective pullback, Bitcoin has spent recent weeks trading just below the $90,000–$92,000 band near a dense derivatives liquidity pocket. A firm move above $90,000 could trigger stop runs and short liquidations, leaving limited technical resistance toward $100,000, with positioning and momentum gauges reset from overheated levels.

According to on-chain data, 11 newly created wallets withdrew about 1.567 million Chainlink, worth roughly $19.8 million, from Binance over the last three days. LINK remains in a corrective phase below key moving averages, while exchange outflows are reducing readily available sell-side supply and may reflect defensive accumulation rather than speculative trading.

Shiba Inu continues to trade below key moving averages, with charts indicating that bears still dominate and no structural shift toward a bull market has formed. Recent price upticks appear to stem from a temporary pause in selling rather than stronger demand, while indicators such as RSI remain weak and flat. Without higher highs, reclaimed support levels and rising volume, the token faces a higher probability of further downside rather than a sustained recovery.

Shiba Inu has slipped back to price areas last seen in 2023 after failed rebound attempts across 2024–2025, while XRP is working to reclaim $2 as its bearish channel from October weakens. Bitcoin sits in the high $80,000s beneath $93,000–$100,000 resistance, and Kalshi pricing suggests a rapid return to $100,000 is unlikely in the near term.

With the launch of spot XRP ETFs, the XRP network is experiencing sharp jumps in on-chain payment volumes, including single-day transfers above 1 billion XRP and temporary surges of up to 1,000%. Historically, the price has lagged these bursts in activity before moving higher, and current market structure suggests that thin liquidity and rising transactional demand could enable rapid, outsized moves, even as any long-term rally remains uncertain.

According to the article, Shiba Inu remains in a pronounced downtrend as the token trades below major moving averages and struggles to sustain any recovery. Around 81.5 trillion SHIB reportedly sit on exchanges, creating heavy potential sell pressure and limiting the impact of rallies despite a modest 500 billion SHIB reduction in reserves over the last year. The analysis suggests that, unless exchange balances fall sharply or demand strengthens, SHIB's price may continue to face early-ending rebounds and risk another downside move.