Bitcoin, Ethereum, XRP and Shiba Inu are losing short-term momentum and testing key support levels as traders await fresh U.S. inflation data.
BTC$83,658.00-2.90%
ETH$2,576.38-5.11%
XRP$1.45-4.09%
SHIB$0.000005-6.90%The immediate support sits around $76,000 - $77,000. A daily break below this zone could expose $72,800 - $73,000, where stronger dynamic support is located.
On the upside, reclaiming $79,000 would give bulls another opportunity to challenge $80,000 - $82,000.
Ethereum is consolidating around $2,441 after failing to break the $2,500 - $2,560 resistance zone. The broader breakout structure remains intact as long as ETH holds $2,360 - $2,400.
The RSI has cooled to around 58 following August's sharp rally, indicating weaker momentum but not an oversold market.
A daily close below $2,350 would significantly weaken the bullish structure and could trigger a deeper correction. Conversely, reclaiming $2,560 could put $2,600 back in focus.
This setup follows our recent analysis showing that ETH needs to defend the $2,400 area as September volatility increases.
XRP is trading near $1.36 after losing momentum from its August rally. The $1.33 - $1.36 region is now the key support zone, with the token sitting near its long-term moving average.
A daily close below $1.33 could open the way toward $1.24, while a recovery above $1.40 - $1.42 would improve the short-term outlook.
XRP previously faced a similar battle around $1.35, with bulls needing to reclaim $1.41 - $1.43 before targeting the larger $1.55 resistance.
Related: XRP Price at a Crossroads: Can Bulls Break $1.55?
Shiba Inu looks more vulnerable than the other three assets. SHIB is trading near $0.00000509 after breaking below its rising trendline.
The immediate support sits between $0.0000049 and $0.0000050. The RSI has fallen to 48.2, indicating that sellers currently have the momentum advantage.
If $0.0000049 fails, SHIB could revisit $0.0000046 and eventually the August low near $0.0000044. Bulls need to reclaim $0.0000056 - $0.0000057 to produce a stronger bullish reversal.
Our September 9 SHIB analysis also identified $0.0000049 - $0.0000050 as a critical defensive zone, making this level particularly important now.
All four assets are showing weaker short-term momentum, but their broader structures remain different. Bitcoin needs to defend $76,000 - $77,000, Ethereum must hold $2,360 - $2,400, XRP faces $1.33 - $1.36, while SHIB is fighting to protect $0.0000049 - $0.0000050.
Friday's U.S. inflation data could provide the next major catalyst. A stronger-than-expected inflation reading could increase pressure on risk assets, while softer data may give bulls another chance to recover.
Related: XRP, XLM, DOGE and NEAR Price Analysis for September 10: Can Altcoins Regain Momentum?
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