XRP and Shiba Coin Demand Surge Fuels New Price Predictions

You can also read this news on COINTURK NEWS: XRP and Shiba Coin Demand Surge Fuels New Price Predictions

Following Donald Trump’s election victory, XRP Coin shines brightly after years of weak performance. While most cryptocurrencies are experiencing significant losses, XRP Coin remains resilient, thanks to compelling reasons. In contrast, SHIB is still struggling with the impact of meme coin sales triggered by the Solana ecosystem. So, what are the price predictions for these two?

XRP Coin Developments

Recently, after a $1.25 billion acquisition, it was revealed that the company made a $4 billion offer to Circle. Although this proposal wasn’t accepted, it indicates Ripple’s strategic direction. Should they allocate $4 billion for USDC, it might lead them to acquire another crypto payment company or make similar offers soon. This suggests that XRP Coin may be on the verge of significant announcements.

With the conclusion of the lawsuit, the approval of the first XRP Coin ETF is anticipated by year-end. The target is November, with CME set to launch XRP Coin options mid-month. This marks a remarkable milestone towards ETF approval.

Being US-based with a crypto finance infrastructure and rapid growth catalyzed by RLUSD enhances optimism about XRP Coin’s future. Ripple , having been preoccupied with a lawsuit for years, couldn’t develop its ecosystem but now holds a golden opportunity as regulations turn crypto-friendly.

A test at $2.04 was predicted last Friday, and it happened; now it’s time to reclaim the $2.2 support. As Bitcoin surpasses $95,000, XRP Coin keeps pace. This consistent observation has likely led to the increase in the proportion of short-term investors for XRP Coin.

Future developments related to tariffs and official announcements expected after Powell’s speech will be crucial short-term determinants.

Shiba Coin Status

SHIB, still the second-largest meme coin by market cap, has been avoiding major announcements for a while. Despite making waves in every hyped domain, it overlooked AI. It also hasn’t launched anything significant for RWA. Perhaps they might be waiting for the market to recover for bigger news?

SHIB rebounded from the $0.00001229 support and could revisit the $0.0000139 level with closes above $0.0000128 in the short term. A breakout will occur with closes above $0.0000152.

The post XRP and Shiba Coin Demand Surge Fuels New Price Predictions appeared first on COINTURK NEWS.