Major altcoins including XRP, NEAR Protocol, Zcash, and Shiba Inu are currently testing critical support levels.. Market analysts warn that bearish pressure is mounting, leaving investors to watch daily closes for signs of recovery.
XRP's Struggle to Reclaim the $1.35 Resistance
The technical outlook for XRP has grown increasingly fragile as the asset trades near $1.25. According to the report, XRP remains trapped below a $1.35 threshold that has evolved into a significant point of resistance. This weakness follows a failed recovery attempt in October that saw prices spike toward $1.60 before sellers stepped back in to drive the price down.
Current indicators suggest a lack of buyer conviction for XRP. The Relative Strength Index (RSI) for XRP is currently between 35 and 40, which indicates sustained selling pressure. Because XRP is trading below every major moving average on the daily chart, the asset requires a significant surge in volume to reverse its current downtrend.
The $4.00 Floor for NEAR Protocol
NEAR Protocol is currently navigating a short-term bearish correction following a dramatic rally that pushed the price from $1.80 in September to nearly $5.90 in October. As reported, NEAR Protocol is now trading around $4.10, having lost the critical $4.40 to $4.50 support region that previously stabilized the asset.
While the immediate trend for NEAR Protocol is downward, the long-term structure remains intact because the asset is still holding above its 100-day and 200-day moving averages. However, a daily close below the $4.00 mark could accelerate loosses toward the 100-day moving average, with further support levels identified at $3.80 and $3.60.
Zcash and the $1,150 Bullish Threshold
Zcash has entered a consolidation phase after a massive price surge from $500 to nearly $1,700 in early October. buyers are currently fighting to maintain a floor around $1,250, though Zcash has repeatedly failed to break and hold above the $1,300 level, limiting the confidence of bullish traders.
The broader uptrend for Zcash remains technically valid as long as the asset stays above its long-term moving averages.. However, the report notes that a break below $1,150 would significantly weaken the bullish structure of Zcash and could trigger a deeper correction toward the 100-day moving average.
Shiba Inu's $0.00000464 Low and the Moving Average Wall
Shiba Inu is facing the most severe technical headwinds among the group, currently trading at approximately $0.00000464. After a September rally that reached $0.00000620, Shiba Inu has sufferd a prolonged correction that has placed the price below the 20-day, 50-day, 100-day, and 200-day moving averages.
This alignment of moving averages creates a "wall" of overhead resistance for Shiba Inu. For Shiba Inu to reverse this trend, it will need a massive influx of buying volume to reclaim these averages, as the current momentum remains firmly in the hands of the sellers.
The Gap Between October's $1,700 Zcash Peak and Current Volume
The current volatility across XRP, NEAR Protocol, Zcash, and Shiba Inu reflects a broader pattern of "bull traps" seen throughout the fourth quarter. The sharp spikes in October—most notably the $1,700 peak for Zcash—were not supported by sustained volume, suggesting these moves were driven by speculative momentum rather than fundamental adoption.
Several critical questions remain unanswered by the current data. It is unclear what specific catalyst, if any, is driving the current sell-off across these diverse assets, and the report does not specify whether this is a coordinated exit by institutional holders or a retail panic.. Furthermore, while the technicals for XRP and Shiba Inu look bleak, there is no information on whether upcoming network upgrades or legal developments might provide the necessary spark for a recovery.
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