Morning Crypto Update: XRP Set for $30 Billion Surge in Next Month; Shiba Inu (SHIB) Reclaims $5 Billion; $100,000 BTC in Focus

As the midweek trading session kicks off, the crypto market remains cautious, yet individual cryptocurrencies seem to be evolving their narratives. XRP is attracting attention with a notable weekly Bollinger setup that reflects a familiar pattern among traders. Meanwhile, Shiba Inu (SHIB) has managed to surpass the $5 billion market cap after lingering below that mark for several days. Bitcoin is also gaining traction as it edges closer to a golden cross on its four-hour chart and moves toward the pivotal $100,000 level, reigniting discussions around this landmark price.

Key Takeaways

XRP: Strong weekly Bollinger signals suggest the potential for a $30 billion increase in market cap.
Shiba Inu (SHIB): SHIB recovers to above $5 billion; its market activity indicates a positive bottom structure for potential gains.
Bitcoin (BTC): Approaching a golden cross; trades near $86,900 to $87,700, with the $100,000 mark back on the radar.

Morning Crypto Update

XRP Shows Strong Movement Indicators

XRP's weekly Bollinger bands are displaying one of the cleanest reactions observed this quarter, according to TradingView. The market cap rebounded from the lower band, jumping from $122 billion to about $131.53 billion—a gain of approximately $10 billion since Monday. This move occurred at a similar point where previous patterns also began, leading XRP to quickly rise to its midband over the course of about 35 days.

XRP Market Cap Source: TradingView

Currently, the midband rests around $165 billion, indicating a potential increase of about $33 billion from current levels. The timing of this potential rise appears strategic, as previous runs typically completed in just over a month, and December tends to be a favorable month for XRP, boasting an average increase of 69%.

At present, XRP is trading between $2.18 and $2.22, still below the resistance zone of $2.38 to $2.52. However, the current weekly setup is crucial, suggesting that if this pattern continues as expected, XRP may be gearing up for a significant month-long rally.

Shiba Inu Rebounds Above $5 Billion

Shiba Inu has successfully reclaimed its position in the $5 billion market cap range, according to CoinMarketCap. After a week of remaining below this threshold, SHIB has added approximately $200 million in market value over the past 24 hours, raising its cap to around $5.03 billion. For a meme coin that has been in a slow upward trend, this bounce follows a typical bottom structure where SHIB usually consolidates before advancing: a narrow range of trading, low volatility, and a clear lift from the bottom.

SHIB Market Cap by CoinMarketCap

During the day, SHIB’s price fluctuated within the $0.00000854 to $0.0000086 range, aligning with its recent consolidation area and confirming the base established last week. It remains uncertain whether this marks the initiation of a new upward trend or merely a brief rally, but its setup appears more indicative of potential growth rather than a peak. Historical data shows that similar bottom formations have led to prolonged upward movements.

Bitcoin Approaches a Bullish Signal

Bitcoin is forming a golden cross on the four-hour chart, where the 23-day moving average is on the verge of crossing above the 50-day moving average, while the 200-day moving average hovers just beneath the $100,000 mark, as reported by TradingView. This is a rare and powerful setup that typically serves as a short-term catalyst, particularly when the price is attempting to break out from a stable base.

Currently, BTC is trading between $86,900 and $87,700, remaining below the crucial resistance zone but above last week’s low near $84,000. The emergence of this golden cross, often seen as a bullish signal, is taking shape just under the significant $100,000 level, making this setup noteworthy.

Bitcoin Golden Cross Source: TradingView

If Bitcoin moves from its current levels to reach $100,000, this would represent about a 13% increase. BTC has demonstrated similar upward jumps following technical recoveries in the past.

Conclusion

While midweek trading remains subdued, key cryptocurrencies are showing promising technical setups. XRP is showcasing a robust multi-week pattern, SHIB has regained a critical threshold, and Bitcoin’s golden cross is rejuvenating interest in the possibility of reaching six-figure valuations.

Bitcoin (BTC): Currently priced around $86,900 to $87,700, with resistance levels between $89,500 and $91,000, and support levels at $84,000 and $80,600.
Shiba Inu (SHIB): Trading near $0.00000854, with resistance at $0.00000920-$0.00000940, and support levels at $0.00000812 and $0.00000780.
XRP: Currently trading between $2.18 and $2.22, with resistance at $2.38-$2.52, and support at $2.12 and $2.00.