XRP Tests Support at $1.05 Amid Shiba Inu's Bottom Search, Ethereum Shows Rebound Signal

XRP faces a critical decision point around $1.08, where technical trends remain unstable despite recent selling pressure. The asset is trapped between support and resistance levels, defending the $1.00-$1.05 range while remaining below key moving averages at $1.10, $1.14, and $1.25. The 200-day moving average at $1.45 persists as long-term resistance. While trading volume remains low, recent recovery from June's collapse has seen gradual improvement, with the relative strength index (RSI) climbing to around 55, indicating a shift toward neutral strength. However, recent resistance at $1900-$1950 and the 100-day moving average at $1940, along with the 200-day average at $2210, suggest ongoing challenges.