A July 17, 2026, crypto market review from U.Today revealed critical technical developments for XRP, Shiba Inu (SHIB), and Ethereum (ETH). Today highlighted critical technical developments across XRP, Shiba Inu (SHIB), and Ethereum (ETH), indicating potential shifts in their immediate trajectories. The analysis noted that the market was “pulling up more fresh funds as things get closer to the recovery.”
This U.Today review scrutinizes current price action for clues on whether recent downturns for these prominent digital assets are abating or if further consolidation lies ahead.
XRP’s precarious price health under scrutiny
XRP’s price health is currently on the line, according to the U.Today report from July 17, 2026. The asset is trying to establish a base near the $1.08 area after months of intense selling pressure.
The report states that XRP is trapped inside a narrowing wedge pattern on its daily chart. This technical formation often precedes a larger directional move, making upcoming trading sessions particularly crucial.
Buyers have consistently defended the $1.00–$1.05 zone since a severe sell-off in June, with higher lows indicating progressively rebounding market demand. However, strong resistance persists.
XRP trades below its 20, 50, and 100-day exponential moving averages (EMAs), sitting around $1.10, $1.14, and $1.25, respectively. The 200-day EMA, positioned at $1.45, remains a significant barrier for any true long-term recovery.
Volume has stayed comparatively low during this consolidation phase, which frequently leads to unstable conditions. While sellers aren’t as aggressive, buyers haven’t shown enough conviction for a breakout.
The Relative Strength Index (RSI) reinforces a neutral-to-bearish momentum, currently close to 44. Although out of oversold territory, it remains below the crucial 50 level often associated with robust bullish trends.
Maintaining the immediate support area of $1.05 is paramount. A break below this could trigger a retest of the psychological $1.00 area, potentially harming XRP’s developing structure.
Conversely, a move above $1.10 and a breakout from the declining trendline would signal bulls are regaining control. This could determine XRP’s direction for the rest of the summer, as detailed by U.Today.
Shiba Inu’s potential bottoming process
Shiba Inu (SHIB) is exhibiting the first indications of a possible bottoming process, according to the U.Today review. This follows months of unrelenting selling pressure on the meme token.
SHIB has been consolidating just above its recent lows for several weeks, currently trading close to $0.00000412. Crucially, the token is no longer making sharp new lows, a significant shift from earlier sell-offs.
Momentum analysis highlights SHIB’s Relative Strength Index (RSI) close to 34, indicating oversold territory. Historically, extended periods below 40 have often been linked to seller fatigue.
While oversold conditions often precede stabilization, they do not guarantee an immediate reversal. Price action has also improved slightly, with SHIB experiencing comparatively shallow pullbacks since June’s steep decline.
Volatility has significantly decreased, which often occurs near major bottoms as both buyers and sellers lose conviction. However, the technical picture for SHIB is still far from optimistic.
SHIB trades below all its major moving averages, presenting a significant resistance ladder for buyers. These include the 20-day EMA at $0.00000437, the 50-day EMA at $0.00000446, the 100-day EMA at $0.00000516, and the 200-day EMA at $0.00000620.
Volume remains a concern; buying volume hasn’t increased enough to indicate aggressive accumulation despite decreased selling pressure. A discernible increase in demand, typical of true market bottoms, is currently absent.
The most important level to watch is the current floor at $0.00000400. SHIB staying above this region offers a chance for a long-term base, but a clear break below it would refute the stabilization narrative.
Ethereum’s emerging ‘mini-golden cross’ signal
One of Ethereum’s most positive technical developments in months is the formation of a “mini-golden cross” on its daily chart. This signal suggests increasing momentum, as noted by U.Today.
This crossover occurs when the 20-day exponential moving average crosses above the 50-day EMA. It frequently signifies that short-term momentum is beginning to outperform medium-term price action, often appearing in the early stages of significant trend reversals.
Ethereum has also successfully risen above both these moving averages, in contrast to earlier recovery attempts. Currently, the 50-day EMA is around $1,740, and the 20-day EMA is close to $1,776.
Collectively, these EMAs create a support zone that buyers have maintained throughout July. Despite this, bulls face ongoing danger, as Ethereum has surged into one of the chart’s most significant resistance zones.
The 100-day EMA is near $1,940, with the 200-day EMA significantly higher at $2,210. Sellers remain active whenever Ethereum approaches substantial resistance, as evidenced by a recent rejection from the $1,900–$1,950 range.
Volume provides some motivation for ETH, with increased participation coinciding with the recovery from June’s capitulation low. This indicates that real buying demand, rather than just short-covering, is driving the move.
The Relative Strength Index (RSI) is rising to roughly 55, placing momentum firmly in the neutral-to-bullish range. Ethereum still has room to grow before overheating, unlike some earlier rapidly extended rallies.
The crucial level to monitor is $1,940. A breakout above this 100-day EMA would significantly strengthen the bullish case, potentially paving the way for the psychological $2,000 mark and bringing the 200-day EMA into focus for the first time in months.
The outlook for crypto’s major players
The latest U.Today review underscores a crypto market teetering on various technical thresholds. XRP’s battle for stabilization at key price points suggests a fragile recovery, dependent on sustained buyer conviction.
Shiba Inu’s signals of a potential bottom offer a glimmer of hope for meme token enthusiasts, though a lack of significant buying volume tempers optimism. Meanwhile, Ethereum’s ‘mini-golden cross’ presents a more tangible bullish indicator.
These concurrent developments suggest a period of heightened volatility and directional uncertainty. Traders will closely watch these critical technical levels to gauge the market’s broader trajectory in the coming weeks.