Overview of Shiba Inu 33% XRP Price Prediction
Shiba Inu (SHIB) is a decentralized cryptocurrency that has seen a significant surge in its price in the past few weeks. The token has been performing exceptionally well and is currently trading at around $0.000051. The SHIB token has been gaining traction in the crypto market and is expected to continue its upward trend in the coming days. In the past 48 hours, the SHIB token has seen a 33% increase in its price. This has led to speculation that the SHIB token could continue to rise in the next 48 hours.
The Roadmap for the Upcoming Sharum Journey
The marketing manager of Shiba Inu, Lucy, recently revealed the roadmap for the upcoming Sharum journey. According to her, the journey is a big task that requires a lot of time and commitment. The team is focusing on creating decentralized applications (dapps) that will revolutionize the decentralized world. They are also working on tokens such as Shib Bone and Leash, which will be valuable and have a strong utility within the Shiba Inu ecosystem. Additionally, the team is concentrating on the Shibashi NFTs and the Ship Metaverse, which will serve as vibrant hubs for the community to connect, interact, and explore.
The Impact of the Roadmap on the SHIB Token Price
The roadmap for the upcoming Sharum journey is expected to have a positive effect on the price of the SHIB token. The development of the tokens and the virtual realms will draw in more users and investors, which will lead to an increase in the token’s value. Additionally, the team’s commitment to building Sharum as a successful L2 solution will also have a positive impact on the token’s price. As such, it is expected that the SHIB token will continue to rise in the next 48 hours.
Projects and Ecosystems
The Sheba Inu community has been vocal in its desire for more projects and ecosystems to be released on the Sharam platform. Lucy, a notable member of the community, has highlighted the need for trustworthy and reliable cooperative ecosystems or swaps to be released in order to attract more funds into the project. The absence of any major daps on Sharam has been a major issue for the community, with projects like Sheba Swap and the Metaverse yet to be operational.
Transaction Statistics
The stagnation in Sharum’s development has been reflected in the declining user and transaction statistics. After an initial hype, with over 200,000 transactions daily post-launch, recent numbers hover above a mere 10,000 transactions per day. This stagnation has likely contributed to the dissatisfaction of some community members, as well as the recent price action of Sheba Inu.
Technical Analysis
An in-depth analysis of Sheba Inu’s price action reveals a promising quadruple bottom formation, indicating a potential bullish surge of up to 250%. This technical pattern is further supported by two significant chart patterns on the one-week chart, which suggest the possibility of a bullish breakout in the next 48 hours.
The Shiba Inu (SHIB) price has been on a downward trajectory since August, and is now approaching its yearly low. The altcoin has been struggling to break through the descending triangle pattern, which has been in place for 60 weeks. This pattern suggests a bearish downturn, and the SHIB price has already dropped below the crucial neckline of 0.715. Furthermore, the price has also fallen below the 0.00008 horizontal support level, which had held for a year.
The Relative Strength Index (RSI) is a key momentum indicator used by traders to assess whether a market is overbought or oversold, as well as when to buy or sell. The weekly RSI for SHIB presents a bearish reading, indicating that the bulls may not have an advantage.
The SHIB price is currently trading at 0.682, and it is expected to remain in a bearish trend in the next 48 hours. The price could potentially reach its yearly low, as it has been struggling to break through the descending triangle pattern. Furthermore, the price could also fall below the 0.00008 horizontal support level, which could act as a resistance level.
It is important to note that the SHIB price is highly volatile and unpredictable, and traders should exercise caution when making investments. It is also advisable to do thorough research and analysis before investing in any cryptocurrency. Additionally, it is recommended to diversify investments and not to put all eggs in one basket.
Shiba Inu 33% XRP Price Prediction Next 48 Hours
The Shiba Inu (XRP) cryptocurrency has been in a descending parallel channel since August 14th, with the price recently bouncing off the support line of the channel on September 11th. However, the price has been in a declining phase since October 2nd, when it faced rejection at the channel’s resistance line. Simultaneously, the Relative Strength Index (RSI) failed to breach the 50 level, and is currently on a downward trajectory.
Potential 9% Decline
Taking into account all the factors, the most probable future scenario for the cryptocurrency is a potential 9% decline towards the support line of the channel, which is situated at 0.0065. This bearish Sheba Inu price prediction is based on the fact that the RSI was rejected at the 50 level, and is currently on a downward path.
Bullish Breakout
However, a breakout from the channel will indicate that the trend is still bullish. If that occurs, a 33% increase to the next resistance at 0.0095 will likely be the future price movement. This bullish outlook is supported by a post from Egag Crypto, which projected a 2x inbound for the embattled cryptocurrency.
XRP Teetering on the Edge
The presenter of the Crypto YouTube channel, A Chain of Blocks, also believes that XRP is teetering on the edge. This is similar to the behavior of the cryptocurrency in 2021 before it surged to 2. Therefore, it is possible that XRP could experience a similar surge in the next 48 hours.
33% in the last 24 hours, and the digital asset is trading at $1.25.
XRP’s Historical Performance
Egag Crypto’s technical analysis of XRP’s historical performance indicates that the digital asset is undergoing a retest phase following its recent breakout. The presenter noted that XRP exhibited a similar behavior in 2021 before surging to $2. This suggests that the asset could be on the verge of another surge in the near future.
Ripple’s Head Attorney’s Interview
In a recent interview, Ripple’s head attorney, Stat Aldy, addressed the current state of Ripple and XRP. Aldy noted that several regions of the world have adopted rational regulatory frameworks that are not looking to push out innovation. He stated that these regions welcome crypto practitioners who satisfy the rigorous regulatory regimes.
Aldy criticized the situation in the US, arguing that the regulators have lost their way. Instead of adopting sound policies, the government has focused on politics and power, leading to a situation where the responsible agencies are fighting over who will get to control the technology.
Ripple’s Milestone Achievement
From a regulatory perspective, Aldy reminded viewers that Ripple won the case against the Securities and Exchange Commission (SEC), which alleged that XRP was a security. Winning the lawsuit and clarifying that XRP is not a security gives the digital token clarity in the US.
Despite the milestone achievement by Ripple and XRP, Aldy remained skeptical about a positive development for the token in the entire industry. He noted that although some policy makers are trying to take the lead to come up with rational regulatory policy proposals in the US, there is a slim chance of anything moving forward in the current Congress or the next.
XRP Price Prediction
At the time of writing, XRP’s price has risen 0.33% in the last 24 hours and is trading at $1.25. It remains to be seen how the digital asset will perform in the next 48 hours. However, given XRP’s historical performance and the recent developments in the industry, it is likely that the asset will continue to rise in the coming days.
71 to reach 1.3 billion.
XRP Price Performance
XRP has been trading in a symmetrical triangle since the beginning of May 2021, with its price hovering around the 0.48 mark. The token has been rejected by a medium-term negative trend line, causing it to drop below a key support level. At press time, XRP was trading at 0.482, with a 0.75% increase over the past 24 hours. This also put its total market cap at approximately 2.78 7 billion. Despite the 24-hour upswing, XRP’s weekly performance was still in the red zone, with its price down by 7.32%.
On-Chain Activity
Whale Alert recently revealed in a tweet that 30 700000 XRP tokens, valued at 15a, 315 comma 061, were transferred from an anonymous wallet to a cryptocurrency exchange. On-chain analysis revealed that the wallet belonged to Ripple Labs. The company sent this large amount of tokens to an exchange while the remittance token’s weekly performance was deeply entrenched in the red zone.
Shiba Inu 33% XRP Price Prediction Next 48 Hours
Given the current market conditions, it is difficult to predict the exact price of XRP in the next 48 hours. However, the recent on-chain activity and the symmetrical triangle formation on XRP’s 4H chart suggest that the token may break out soon. If the breakout is to the upside, then XRP could potentially experience a 33% surge in its price over the next 48 hours. On the other hand, if the breakout is to the downside, then XRP could experience a further decline in its price. Therefore, investors should exercise caution when trading XRP in the near future.
Shiba Inu 33% XRP Price Prediction Next 48 Hours
The past 48 hours have seen a total volume of 753 mil 4261 XRP, with a symmetrical triangle pattern forming on the 4-hour chart. This suggests that the cryptocurrency’s price may breakout in the short term, potentially leading to a bullish momentum that could drive the price up to 0.567. However, the current negative trend line on the daily chart may prevent this from happening, potentially causing the price to drop to 0.4585.
Technical Analysis
The symmetrical triangle pattern on the 4-hour chart indicates that a breakout is likely to occur in the next 48 hours. If the breakout is towards the upside, XRP could flip the resistance level of 0.516 into support, allowing the price to rise to 0.567. On the other hand, if the breakout is towards the downside, the cryptocurrency’s price could fall to 0.4585.
Factors Influencing XRP Price
The price of XRP is influenced by a range of factors, including market sentiment, news, and regulations. Positive news and sentiment can lead to a surge in the price of XRP, while negative news and sentiment can cause the price to drop. Regulations can also have a significant impact on the price of XRP, as governments and financial institutions can impose restrictions on the cryptocurrency.
Risk Factors
Investing in XRP is a risky venture, as the price of the cryptocurrency is highly volatile and can be subject to sudden changes. Additionally, the cryptocurrency market is highly unpredictable and can be subject to manipulation. As such, investors should be aware of the risks associated with investing in XRP and should only invest what they can afford to lose.
50 soon
Shiba Inu 33% XRP Price Prediction Next 48 Hours
The current market sentiment surrounding XRP is bearish, with the price of the remittance token dropping to as low as 0.4585. If the bears continue to exert pressure on the price, then it could soon retest this support level. For the bullish thesis to be invalidated, the cryptocurrency needs to close a daily candle above the 0.5165 mark in the next 3-5 days. If this happens, XRP could rise to 0.567.
Bullish Scenario for XRP
If the bullish support persists, the price of XRP could continue to rise to the next barrier at 0.639. This could pave the way for further gains in the following weeks. To reach this level, the cryptocurrency needs to close a daily candle above 0.567.
Risks Involved in XRP Price Predictions
It is important to note that any predictions made about the price of XRP come with risks. The views and opinions shared in this price prediction are published in good faith. However, readers should do their own research and due diligence before taking any action. Addition and its affiliates will not be held liable for any direct or indirect damage or loss.
Overview of Shiba Inu 33% XRP Price Prediction
The Shiba Inu (SHIB) token has been making waves in the crypto world recently, with its price skyrocketing to an all-time high of $0.003. The token has since stabilized and recovered slightly, currently trading at $0.671. Despite this, many investors are still optimistic about the token’s future prospects and are predicting a potential 33% increase in its price over the next 48 hours.
Factors Influencing Shiba Inu Price
The Shiba Inu token is heavily influenced by the broader cryptocurrency market, with its price often mirroring that of Bitcoin and Ethereum. Additionally, the token is also subject to the same market forces that affect other cryptocurrencies, such as news, speculation, and investor sentiment.
Previous Price Movements
In June, the Shiba Inu token experienced a dip in its price, followed by a 59% rally. This suggests that the token has the potential to make a swift recovery, should it record a weekly close above the 0.715 mark this week or next week. This could potentially cement the bullish quadruple bottom trajectory.
Shiba Inu 33% XRP Price Prediction
Given the current market conditions, it is difficult to make an accurate prediction of the Shiba Inu token’s price over the next 48 hours. However, many analysts are predicting that the token could experience a 33% increase in its price over this period, should it manage to close above the 0.715 mark. This could potentially lead to a bullish quadruple bottom trajectory, which could be a positive sign for the token’s future prospects.
The Sheba Inu community has been vocal in its desire for more projects and ecosystems to be released on the Sharam platform. Technical analysis of Sheba Inu’s price action reveals a promising quadruple bottom formation, indicating a potential bullish surge of up to 250%. This suggests that Sheba Inu could experience a bullish breakout in the next 48 hours. However, the success of this prediction will depend on the Sharam platform’s ability to release more projects and ecosystems in order to attract more funds into the project.
