Crypto Shocker: World's Highest IQ Backs XRP, Cardano Explodes, SHIB Dumps $110M!

Published 2 days ago5 minute read
David Isong
David Isong
Crypto Shocker: World's Highest IQ Backs XRP, Cardano Explodes, SHIB Dumps $110M!

As Sunday comes to a close, the cryptocurrency market displays a passive and largely directionless trend, with Bitcoin exhibiting a range-bound behavior and offering no clear leadership signal. Liquidity remains highly selective across the board, indicating a cautious approach from investors. There is a noticeable absence of significant risk-taking or coordinated movement across various market segments, and no discernible sense of urgency among buyers. Price action appears to be primarily driven by structural shifts, specific signals, or compelling narratives rather than broad market enthusiasm.

Large-cap altcoins, in particular, can be categorized into three distinct groups: those benefiting from live catalysts, those trading on speculative rumors, and those experiencing capital outflows without generating significant headlines. XRP falls into the second category, driven by an unexpected prediction. Cardano, conversely, aligns with the first category due to recent network developments. Shiba Inu, unfortunately, represents the third, facing continuous capital drainage.

XRP, the digital asset associated with Ripple, remains largely stuck in a passive state. It ended the week trading around $2.018 on Binance, experiencing a slight daily dip but holding within its established range since early November. A review of the daily chart reveals a consistent pattern of lower highs following a rejection near $3 in October, alongside ongoing downside pressure. A notable event this past weekend involved YoungHoon Kim, recognized as the world's highest IQ holder, who made a vague public comment suggesting XRP "might have some movement this weekend." Kim, who had previously commented on Bitcoin, appeared to shift his focus to XRP and other tokens. However, this statement lacked concrete details regarding timeframes, leaving traders confused about the meaning of "short-term" movement. Despite the high engagement with Kim's post, it provided no actionable market information. XRP failed to breach key resistance levels, volume did not increase, and open interest remained stagnant. There was no visible follow-through on the daily chart.

Consequently, XRP continues to be confined between a soft support zone near $1.98-$2 and overhead pressure beginning at $2.28-$2.34, a range that has seen multiple rejections throughout November. Should XRP fall below this current range, historical support around the $1.82 area is likely to quickly dissipate, indicating potential for further downside.

In stark contrast to XRP, Cardano (ADA) concluded the week in a significantly more optimistic position. A TD Sequential buy signal, highlighted by analyst Ali Martinez, emerged on the weekly chart. Such signals are typically observed when prices are near their lowest points, rather than during a continuing trend. The critical level for ADA is now $0.37. This price point, situated just above recent lows, acts as a pivotal juncture where price stabilization either gives way to a continuation lower or sets the stage for recovery. If ADA successfully maintains its position above $0.37, it could pave the way for a rally, initially targeting the $0.46 region and subsequently $0.54. This represents a potential upside of approximately 40% from its current levels. Conversely, a loss of the $0.37 level would invalidate the signal.

This technical signal coincides with Cardano's most active week in months, primarily driven by the launch of NIGHT, the native token of the Midnight Network. NIGHT commenced live trading with robust support from major exchanges including Binance, Bybit, Kraken, OKX, KuCoin, and Gate. Within its first day, NIGHT achieved over $1 billion in trading volume and pushed its market capitalization above $1 billion, establishing itself as one of the most actively traded assets. This level of participation is crucial as it confirms genuine demand rather than ephemeral liquidity spikes, effectively reinstating Cardano's status as a dynamic deployment layer within the blockchain ecosystem.

While ADA has not yet experienced a breakout, its downward trajectory has demonstrably halted. Weekly candles show clear compression, indicating a slowdown in selling momentum, with sellers no longer being in full control. This confluence of a defined invalidation level, a clear upside target, and a significant fundamental event that was not anticipated just a week prior creates a compelling setup that traders are closely monitoring. The chart's future direction hinges significantly on whether the $0.37 support level holds.

Shiba Inu (SHIB), however, concluded the week on a quiet, albeit damaging, note. Despite the absence of major headlines or panic, SHIB's market capitalization experienced a drop of approximately $110 million in a single day, declining from $4.97 billion to $4.86 billion, according to CoinMarketCap data. This movement was characterized more as a controlled exit by investors rather than a rapid, forced liquidation, a bias corroborated by the trading volume. SHIB's daily trading volume plummeted to $77.86 million, a 27% decrease, pushing its volume-to-market-cap ratio to a mere 1.59%, a figure inconsistent with accumulation patterns.

The market cap chart for SHIB displayed a gradual decline throughout the day before stabilizing around $4.86 billion. Such stabilization often occurs when buyers cease defending specific price levels rather than when sellers aggressively offload their holdings. SHIB's primary challenge is the lack of an active market driver. Unlike Cardano, which benefits from a new token launch, or XRP, which garnered attention from an unexpected prediction, SHIB currently lacks any clear direction or impactful developments. In such an environment, prices are prone to drifting lower until renewed demand materializes. As the week draws to a close, SHIB appears fundamentally weak, and without improvements in market conditions, it faces the risk of further value erosion.

In summary, the week for the crypto market concluded without dramatic fireworks but with significant informational cues. Capital deployment is discerning, sidestepping mere noise and instead favoring setups that combine solid market structure with substantive catalysts. Bitcoin remains passive and range-bound, offering no leadership. XRP is locked near $2.02, requiring a reclaim above $2.28-$2.34 for a structural shift. Cardano's fate is tied to $0.37, with a hold opening targets at $0.46 then $0.54. Shiba Inu continues to face capital leakage, with volume confirming the sustained absence of buyers.

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