The crypto market's local bounce is already losing steam. Shiba Inu (SHIB) is testing a 100-day resistance level that has held since late April. XRP has run into a recovery ceiling of its own. And a fresh wave of Bitcoin fear is creeping back in — just days after a brief relief rally.
Shiba Inu's resistance test
SHIB's price action is getting squeezed between the 100-day moving average and a descending trendline. The token has tried to break above this zone twice this week, but each attempt has been met with selling pressure. If it fails again, the next support could be a retest of the June lows. Traders are watching volume closely — a breakout would need a clear spike, not the current drift.
XRP's recovery ceiling
XRP is bumping against a ceiling that has capped its recovery since mid-July. The level corresponds to a cluster of sell orders that built up during the last downtrend. The token has been consolidating just below it for three days. A clean break would open the door to the next resistance zone, but the lack of momentum is giving bears confidence.
Bitcoin fears weigh
Bitcoin is the anchor dragging the rest of the market. Sentiment has soured after a string of macro headlines — rate uncertainty, regulatory noise, and a drop in on-chain activity. The local bounce that started last week has already faded, and Bitcoin is back near the lower end of its recent range. That's putting pressure on altcoins that had been riding the recovery wave.
Bounce fades
The broader market rally that began on July 28 was short-lived. Most major tokens gave back gains within 48 hours. The speed of the reversal caught some late buyers off guard. Now the question is whether the market can find a floor before the next catalyst — or if this is the start of another leg down. The next few sessions will tell.
