Cryptocurrency Market Forecast for February 6 – XRP, Dogecoin, Shiba Inu

February remains tumultuous, and the market has just been reminded of how quickly circumstances can shift.

Bitcoin surged nearly 7% in a sudden movement, rising from approximately $64,000 to $70,000 and pulling the entire market upward along with it.

This surge immediately altered short-term momentum and compelled late sellers to cover their positions, providing altcoins with some much-needed relief.

Bitcoin (BTC)24h7d30d1yAll time

XRP, Dogecoin, and Shiba Inu all responded swiftly, but the more significant question now is whether this was merely a spike in volatility or the beginning of something more enduring.

XRP Price Prediction: Strong Bounce, But Bullish Confirmation Still Missing

XRP has just activated a price shift, and this is significant.

The price had already broken down below the descending channel, experienced a sharp decline, and reached the $1.20 to $1.40 demand zone. That movement appeared to be classic capitulation rather than a healthy continuation.

What happened next is the intriguing part.

XRP surged alongside Bitcoin and is now attempting to push back toward the lower boundary of the previous channel. This is an attempt to reclaim, not just a random bounce.

Source: TradingView

Reclaims are pivotal moments where trends can either change or completely fail.

The crucial level to watch is $1.90. A daily close above this level would confirm a successful reclaim and shift the structure to bullish. This would open the pathway toward $2.50, and potentially $3.00 if momentum continues to build.

If the price faces rejection at this level, this movement could turn into a dead-cat bounce. In that scenario, $1.40 would quickly come back into focus.

Dogecoin Price Prediction: Could This Bounce Ignite Memecoins Season?

Dogecoin has just awakened, and the timing appears intentional.

DOGE rebounded sharply from the $0.08 support zone just as Bitcoin surged higher.

The price had been declining within a clear descending channel, but this movement seems to indicate a potential exhaustion break.

If the price can rise above $0.13 and maintain that level with a daily close, the structure will flip bullish in the short term. This would create room toward $0.15 initially.

A stronger follow-through could propel DOGE toward the $0.21 region, where significant resistance exists. This would necessitate Bitcoin maintaining stability.

Shiba Inu Price Prediction: DOGE Leads, SHIB Tries To Catch Up

Shiba Inu is following its usual pattern, mirroring Dogecoin’s movements.

SHIB operates as a dog-themed beta asset, so when DOGE moves, SHIB typically reacts. With Dogecoin experiencing a strong bounce, SHIB is beginning to respond as well.

Structurally, SHIB’s price recently dipped into the $0.0000053 support zone. This area has held thus far, establishing a base for any bullish attempt.

The breakdown below the channel appears more like exhaustion than a clean continuation. Sellers pushed the price down, but the follow-through has been weak.

The RSI is currently in the mid-30s and beginning to stabilize. The first significant test is at $0.000010. A daily close above this level would confirm a reclaim attempt and shift momentum in the short term.

If that occurs, upside potential opens toward $0.000015 initially, with $0.0000335 as the larger target if meme sentiment fully shifts to risk-on.

If Dogecoin maintains its strength and Bitcoin remains steady, SHIB usually amplifies that movement. However, if it loses $0.0000053, this setup could reset quickly.

The Layer 2 Attracting Big Whales: Bitcoin $HYPER raised 31M In Bear Market

Bitcoin’s sudden surge serves as a reminder of how quickly momentum can shift, but it also underscores a persistent issue. When activity spikes, Bitcoin remains slow, costly, and limited in its usability.

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Bitcoin Hyper keeps payments, applications, and on-chain activity anchored to BTC itself.

The presale has already raised over $31,200,000, with $HYPER priced at $0.0136751 ahead of the next increase.

Staking rewards of up to 37% provide a yield layer that Bitcoin currently does not offer.

If sharp movements are returning, Bitcoin Hyper is betting that Bitcoin requires speed just as much as price.

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