Ethereum is trading at a technically important zone where the 20- and 21-week EMAs, described as a bull market support band, are now interacting with price. ETH has shifted from sharp selling to a controlled recovery with higher lows, but still needs a decisive breakout above the $3,300–$3,400 resistance area to confirm a sustained bull phase.

As weekend trading approaches, Bitcoin's recent ascent has stalled beneath its 100 and 200 EMAs, suggesting a possible fakeout within a broader corrective phase. Shiba Inu is challenging its 100-day EMA for the third time after a prolonged decline, while XRP continues to form a third local wave inside a downward channel with moving averages acting as resistance.

In the last 24 hours, the XRP Ledger has processed about 562 million XRP in payment volume, a level described as noticeably below activity seen in earlier growth phases. While the number of transactions remains high and XRP-linked ETFs continue to record inflows, the value per payment has fallen and large players appear cautious, leaving price action trapped below key moving averages and moving sideways in a fragile, neutral structure.

Shiba Inu's price is consolidating after a rejection near $0.000009, with the token holding around the 26 EMA and pulling back in a controlled fashion. Momentum has cooled rather than broken, and price is compressing between overhead resistance near the 50–100 EMA cluster and support at the 26 EMA, increasing the odds of a directional move.

XRP is struggling below key resistance despite expanding on-chain activity, while its price structure has weakened near the 100 EMA. Bitcoin is trading in a zone typically associated with oversold conditions after a prolonged sell-off, and Shiba Inu is consolidating in a narrow band under the 100 EMA, suggesting indecision rather than a clear bearish breakdown.

Shiba Inu is attempting to extend its recent rebound in 2026 but has once again stalled at the 100-day EMA, a resistance zone it has repeatedly failed to clear this year. The token's latest move was driven largely by short-covering and reactive buying rather than strong, sustained inflows, leaving price action vulnerable near this technical barrier. Until SHIB can close decisively above the 100-day EMA with convincing volume, it remains capped within a broader downtrend and exposed to renewed downside toward lower support levels.

Between Jan. 5 and Jan. 9, institutional money flowed out of Bitcoin and Ethereum spot ETFs while moving into XRP and Solana products. Bitcoin spot ETFs recorded about $681 million in redemptions and Ethereum saw $68.57 million in outflows, compared with inflows of $38.07 million for XRP and $41.08 million for Solana. This rotation shows investors trimming exposure to larger assets and reallocating toward altcoins with newer growth narratives.

According to the analysis, the crypto market slipped into a weekend lull, with volatility muted across major assets. Ethereum is holding above $3,000, XRP is flashing a short-term 26/50 EMA cross, and Shiba Inu’s trading activity has thinned to near zero. The setup leaves traders watching key moving averages for confirmation.

Solana has seen its open interest climb to the $8,000,000,000 mark, signaling that traders are once again willing to deploy leverage on SOL despite prior drawdowns. While the price is attempting a recovery from the low $120s and remains below key long-term moving averages, futures positioning has shifted toward longs, especially among larger players, raising the risk of sharp liquidations if support around $130–$135 fails. With spot volumes still subdued and derivatives driving much of the activity, elevated volatility is likely as Solana's price action tests resistance in the mid-$140s.