Shiba Inu, EOS, XRP Price Analysis – December 9

As the crypto market remained calm, several digital coins flashed lucrative recovery signals. XRP recorded a double-digit gain within the last 24 hours after the alt crossed 38.2% FIB level. On the other part, EOS witnessed corrections as bulls struggled. Meanwhile, SHIB presents a brief bearish outlook.

Ripple (XRP)

XRP crossed 38.2% FIB hurdles after breaking an ascending triangle, noting an 11.5% surge within the last day. The altcoin revived diligently after touching a 4-month low on December 3. Meanwhile, the altcoin remained in the back seat amid bearish dominance since November 10 monthly milestone. Ripple saw another breakout beneath a 16-week resistance at $0.88.

However, bulls kept the $0.765 support, and the alt surged 40% from December 3 low, trading at $0.9045. That had XRP moving past its 20 and 50 SMAs. Meanwhile, the RSI preferred bullishness as it rose towards the 60-level. Moreover, the MACD and DMI displayed the amplified bullish force. If bulls maintain their momentum, they will meet the closest resistance at $1.06, the golden FIB level.

Shiba Inu

SHIB progressed with a symmetrical triangle after breaking a V-top on the four-hour chart. The meme crypto saw a down-channel plunge after touching its milestone. With that, SHIB recorded a 16.6% weekly and 33.4% monthly drop in its price.

The meme crypto bounced back from a 6-week low on December 3. Meanwhile, bulls maintained a 1-month support floor at $0.0000035. While writing this article, Shiba Inu trades near $0.00003657. On the other side, the Relative Strength Index failed to overcome the midline since December 2, depicting massive bearish influence. Furthermore, the DMI displayed sellers’ favoritism as ADX flashed weak price trends.


EOS witnessed a 5.82% loss within 24 hours, breaking the level it had surged past, 38.2% FIB level. Though the plummet, the alt created an ascending pattern. That was after the alt poked its 6-week low during December 3 sessions.

Nevertheless, EOS hit a 7-week high on November 10. That was after the alt respected a 12-week resistance at $5.4. It resulted in an upward-channel breakdown. With that, EOS oscillated within a downward channel.

While writing this article, EOS hovered at $3.46. For now, the token’s bulls can attempt a $38.2% level retest before any upswing. However, the coin had its short-term technicals flashing mixed signals.

The RSI remained beyond the midline, showing bullish preference. Moreover, the DMI showed surging buying strength. Nonetheless, the Awesome Oscillator showed red signs, reflecting the 24hr plunge.

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