Bitcoin Surges as Altcoins Face Downtime: What to Expect for SHIB, MINA, and XRP

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As altcoins dive to new lows against BTC, Powell’s statements have pushed Bitcoin to $96,000. Despite concerns over high-interest rates, Trump’s tariffs contribute to rising inflation fears. Expectations for a rate cut pushed to July have dampened risk appetite in the markets. What are the predictions for SHIB, MINA, and XRP Coin?

Shiba Coin Analysis

We previously noted the significance of the $0.0000162 threshold for Shiba Coin, falling beneath the $0.0000208 support level. Although the price bounced from a low of $0.0000147, it has failed to regain support. If the decline continues, we might see new lower wicks at $0.0000124. However, a potential recovery may see Shiba Coin reclaim key support levels and target the mid-region of the parallel channel at $0.0000247.

In a scenario where the pressure on altcoins alleviates, surpassing $0.0000294 could signal the start of a new all-time high, representing an 85% potential increase.

Mina Coin Insights

Mina Coin has been on a steady decline for 66 days and remains about 70% below its December peak. While it is close to reclaiming the $0.381 support level, this is contingent on BTC not experiencing further negative fluctuations in a dire environment. Investors have been significantly worn out for some time.

In the context of the ETF surge at the start of 2024, the price had crossed $1.70, and investors expect to be among the frontrunners in this year’s rise. If the $0.650 level is regained, targeting the $1 threshold becomes plausible, with $0.8742 and $1.05 as significant resistance points.

XRP Coin Predictions

Following a 60-day freeze in the Binance case, it wouldn’t be surprising if the SEC takes swift action on the Ripple case. While the current scenario for XRP Coin isn’t dire, the overall negative market sentiment has paused any potential rise.

The key support remains at $2.20, currently holding firm. Regaining the $2.78 and $3 thresholds could occur in a broader market upswing. Meanwhile, the Ripple team continues to support XRPL development and focus on long-term objectives.

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