The crypto market is moving quietly during the holiday period, with low volatility and calm trading activity as several major assets form different technical setups. Shiba Inu has been sliding for weeks into oversold territory, while XRP shows early structural signs of recovery and Bitcoin trades in a narrow range with falling volume. These diverging patterns could shape how traders position themselves going into the new year.

An open interest swing of -2,490.73% in XRP derivatives, tied to a 15-minute change window, has raised questions about market stress. The move stems from a small initial base of open contracts and does not inherently signal a sharp spot price shift, while XRP remains in a broader downtrend with weak momentum and repeated support tests.

XRP remains locked in a downward price channel, trading below key moving averages even as roughly one million XRP shifted across the network in the last 24 hours. On-chain activity and active address counts have risen, hinting at accumulation despite the asset's struggle to reclaim resistance near the mid-$2 area. Technical signals such as a neutral-leaning RSI and repeated holds at local lows suggest selling pressure may be easing while the market waits for a decisive breakout.

On December 25, 2025, Charles Hoskinson said Bitcoin and Cardano would not be affected by address-poisoning scams under a UTXO model. His remark followed an incident in which a single user lost almost $50 million in USDT after copying a lookalike address from transaction history on an account-based blockchain.

As the crypto market heads into the holiday period with muted activity, Ethereum, Bitcoin and XRP are each showing distinct technical patterns that may precede a shift in trend. Ethereum is holding a rising structure after a sharp correction, Bitcoin is repeatedly defending the same demand zone with fading sell volume, and XRP is stabilizing after roughly 160 days of downside. These setups suggest selling pressure is easing, even though clear bullish breakouts have not yet been confirmed.

According to recent market commentary, XRP Ledger payment volume has climbed by almost 800% over the last month, even as XRP's price continues to trade in a clear downtrend below its 200-day moving average. The network shows sharp spikes in account-to-account transfers, suggesting rising on-chain throughput while price action remains compressed and technically corrective. This divergence leaves XRP in a mixed setup where elevated ledger activity may be laying groundwork for future volatility without yet confirming a bullish reversal.

Shiba Inu is currently trading around levels that previously marked a major cycle low, after shedding roughly half its value from recent local highs. The token shows weak momentum, low volatility and compressed price action, conditions that once preceded a rapid rally of about 400% in February 2024, but any similar move now would still depend on broader market liquidity and renewed risk appetite.

The market is described as being in a late-stage downtrend where selling pressure is fading even as fresh capital remains scarce. Shiba Inu has already lost around half of its value from local highs, Ethereum has printed a minor daily death cross, and Bitcoin’s retreat toward $80,000 is being watched to see if it forms a base or extends its decline. Analysts note that weakening downside momentum across several majors may point to corrective action rather than a new, aggressive bearish leg.

According to the analysis, after a corrective pullback, Bitcoin has spent recent weeks trading just below the $90,000–$92,000 band near a dense derivatives liquidity pocket. A firm move above $90,000 could trigger stop runs and short liquidations, leaving limited technical resistance toward $100,000, with positioning and momentum gauges reset from overheated levels.