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XRP and Shiba Inu in crisis: Is there a risk of a big crash?
Current crypto news from November 1st, 2025: XRP activity drops, Shiba Inu struggles, Ethereum consolidates. Market developments in focus.
XRP and Shiba Inu in crisis: Is there a risk of a big crash?
As of November 1, 2025, the current market conditions for various cryptocurrencies are showing worrying developments. The activity of XRP, one of the leading digital currencies, has experienced a significant decline, raising questions about demand on the network and the perception of the Ripple ecosystem. Loud UToday payment volume has fallen by almost 70%. Daily transactions fell from over 700 million to about 230 million in October.
The XRP price is currently trading at around USD 2.49. A short-term support area lies between $2.40 and $2.35. If this area is broken, there could be a correction to USD 2.10. Resistance levels are at the 100-day and 200-day moving averages, located around $2.78 and $2.81. The Relative Strength Index (RSI) is currently at 45, indicating weak momentum and slightly bearish. However, a confirmed breakout above $2.80 could signal a recovery.
SHIB and Ethereum in a downward trend
The situation for Shiba Inu (SHIB) is equally dire. The price is currently around $0.0000099, below key short-term support levels. SHIB has been in a prolonged downtrend and recently had a failed attempt to rise above $0.0000105. The price is well below the 100-day and 200-day moving averages, which are around $0.0000128. The RSI shows no bullish divergence at 41 and decreasing trading volume suggests waning interest. Without new demand, the next support level could be at $0.0000075.
Ethereum (ETH) is also showing weak market conditions, trading just below USD 4,000, at around USD 3,850. The consolidation is taking place between $3,600 and $4,200 with critical support found at $3,600. A decline below USD 3,600 could result in a downward move towards USD 3,400. The RSI stands at 44, indicating neutral to bearish momentum as trading volumes decline. Ethereum needs to reclaim the $4,000-$4,200 area to signal bullish control. Ethereum's performance shows itself to be weaker compared to Bitcoin, indicating possible limited movements or a gradual decline.
Conclusion
In summary, the crypto market is currently characterized by uncertainty and bearish trends. XRP is suffering from a dramatic decline in transaction numbers, while Shiba Inu and Ethereum also remain in a bearish market environment. Investors should monitor developments closely and focus on potential corrections and support levels to make informed decisions.