Recent analysis reveals an optimistic short-term outlook for Shiba Inu (SHIB) and XRP Coin. What levels are expected for both coins in January 2025? Here are the details:

Shiba Inu (SHIB): Two Important Indicators for the Rise

Shiba Inu (SHIB), which has been consolidating for the past two weeks, is struggling to recover from its losses. However, recent momentum changes seem to have increased the chances of the meme coin making another upward move. Shiba Inu’s MVRV ratio has entered the “opportunity zone”, ranging from -9% to -21%. Historically, this zone has been considered a strong signal for a price reversal, and investors are generally more inclined to hold positions rather than sell at these levels. This encourages accumulation at lower price levels while also reducing selling pressure.

Looking at historical data, when the MVRV ratio enters this zone, SHIB price usually shows a recovery. Current market conditions also support this, and investors expect SHIB to exit the consolidation period. From a technical perspective, SHIB’s price has been trading between 0.00002341 and 0.00002093 for the past two weeks, and is currently fluctuating at 0.00002118. Green technical indicators weaken the possibility of the price falling below this range. The decreasing selling pressure and investors’ tendency to accumulate are helping to maintain current levels.

SHIB’s recovery target will be to make the 0.00002341 support and break the 0.00002606 resistance level. Breaking this level could herald a new rally. However, if the downward pressure continues, the price could drop to 0.00001961. This could invalidate bullish expectations and force investors to adopt a more cautious approach. Maintaining key support levels is critical for continued market optimism.

FARTCOIN: Long Positions Support Bullish Expectations

FARTCOIN’s Long/Short Ratio is currently at 1.04, indicating that long positions are in high demand in the derivatives market. This ratio indicates that the majority of investors expect the price to rise, reinforcing bullish expectations. In addition, expectations that the FARTCOIN price will rise have increased investor trading volume. This is reflected in a 28% increase in the meme coin’s open positions. Open positions refer to the number of active derivatives contracts, and increasing open positions during a price increase indicate increased market participation and strengthened the uptrend.

FARTCOIN is currently trading at 1.01, and the Relative Strength Index (RSI) on the daily chart has reached 59.11. This shows that the meme coin is still seeing buying demand in the market. The RSI level indicates that FARTCOIN’s price has the potential to continue rising, increasing investors’ optimism. If this trend continues, FARTCOIN could revisit the 1.29 level it reached on Christmas Day. However, if there is heavy selling as investors seek to realize short-term profits, the price could drop to 0.48 levels, invalidating bullish expectations.

XRP: Short-Term Selling Pressure Increases

XRP is currently trading below its 20-day exponential moving average (EMA). The EMA tracks trends by better reflecting short-term price action. If a coin’s price breaks below the EMA, it is usually a bear market and indicates increasing short-term selling pressure. If the current selling pressure continues, the XRP price could fall below the 2 support levels. A drop to 1.88 could then occur. If this level also fails to support, the XRP price could drop to 1.34.

A drop to these levels could prompt a cautious approach among XRP investors, as maintaining critical support levels is crucial for the price to recover.