Foreign media market commentary notes that XRP, Shiba Inu (SHIB), and Zcash (ZEC) have all experienced significant volatility recently. XRP and SHIB attempted to stabilize after a rapid decline, while ZEC has maintained high-level fluctuations after an unusual surge and pullback. The article argues that while these three assets have shown short-term recovery signals, it is insufficient to confirm a trend reversal.
XRP attempted to recover after breaking through old support.
The commentary stated that after XRP fell below $1.30, the price briefly retreated to the $1.05-$1.10 range. With the selling pressure released, buying pressure emerged at lower levels, and the long lower shadow during the session was interpreted as indicating continued demand at lower levels.
The article notes that the increased trading volume during XRP's decline sometimes indicates a concentrated sell-off rather than the start of a new long-term downtrend. However, the area around $1.30 has now become resistance, and if this area cannot be recovered, the overall trend remains difficult to reverse.
According to the article, XRP's current movement appears to be more of a technical rebound than a clear reversal. If the overall market recovers, the price may return to the $1.20 to $1.30 range, but this would primarily represent a post-fall recovery.
The strength of the SHIB rebound remains to be confirmed.
After breaking below the upward pattern formed since March, SHIB's price briefly approached $0.0000044. The article states that subsequent buying pressure pushed the price back up from its lows, establishing short-term support.
Commentators believe that if SHIBOR can regain its footing above the 50-day moving average around $0.0000051, the rebound momentum may continue to strengthen. The more significant resistance level thereafter lies between $0.0000056 and $0.0000058, corresponding to the 100-day and 200-day moving average area.
The article also mentions a signal on the exchange: exchange reserves are still declining, and the recent net inflow is also negative, indicating that some holders are more inclined to withdraw their coins rather than transfer them to exchanges to sell, which will help alleviate selling pressure in the short term.
However, the article also points out that the SHIB is currently still below its major moving averages, and the trading volume during the rebound phase is weaker than during the previous decline. If the support around $0.0000046 is breached, the price may retest the $0.0000044 low.
ZEC has temporarily stabilized after high volatility.
The article states that ZEC has regained attention after a period of sharp fluctuations related to security incidents. Its price surged from less than $300 to nearly $700 before giving back most of those gains.
According to the article, the ZEC is currently stabilizing above $400. Although volatility remains high, buying interest at lower levels has not disappeared, and trading activity is significantly higher than in the past few months.
The commentary argues that the privacy coin sector has faced continuous regulatory pressure in recent years, resulting in less market attention compared to AI, DeFi, and meme coins. However, Zcash remains one of the more well-known privacy coins. If the market refocuses on privacy technologies, ZEC could still benefit, but regaining its former market position will not be easy.
