Cryptocurrency Market Faces Challenges in Recovery Amid Weak Support and Declining Activity

The current state of the cryptocurrency market is characterized by a lack of solid support and declining activity, making it challenging for assets like Shiba Inu (SHIB) and XRP to recover. According to recent trends, SHIB has been unable to establish a clear support system, with prior recovery efforts relying on local consolidation zones or rising trendlines that temporarily slowed the decline.

The market's structure is also weak, with lower highs and lower lows indicating continued dominance by sellers. However, strong reaction zones can often slow momentum, making it possible for prices to stabilize before attempting a rebound.

For XRP, the current price action is approaching a historical reaction area that could potentially attract buying interest after weeks of continuous downside pressure. However, technical indicators suggest that there is still significant pressure on XRP, and the market's structure remains bearish.