Cryptocurrency enthusiasts are eagerly monitoring Bitcoin $103,719‘s price chart, which currently hovers in safe zones. For the months-long nightmare to end, BTC needs to regain six-digit levels to provide an upward trajectory for altcoins. So, what predictions are in store for Shiba, BONK, and XRP Coins?
Ripple (XRP) Update
We reported the latest positive news yesterday, as CME targets a launch for XRP on the 19th of next month. CME, which has recently activated options trading for BTC, ETH, and SOL Coin, is now adding XRP as its fourth cryptocurrency. This situation enhances the likelihood of a favorable decision from the SEC regarding ETF approvals.
Consequently, SOL and XRP Coin ETF decisions may lean positively this year. Currently, with over 70 applications awaiting approval for various altcoins, CME support is crucial to stand out in the crowd.
XRP Coin has found buyers above the support level of $2.20 but has yet to break through the resistance at $2.25. If this price region turns into support, levels of $2.35 and $2.58 will come into play. The potential for a multi-month peak hinges on the bulls’ reaction near the $3 mark.
In the coming months, we can expect multiple pieces of good news, from the XRP ETF decision to significant announcements about the XRPL ecosystem. Ripple $2’s $1.5 billion acquisition reflects its desire for growth in the RWA sector, keeping interest in XRP Coin alive.
Shiba Coin and BONK Predictions
Among the three cryptocurrencies in the headline, XRP finds itself in the most advantageous position. However, a potential price jump for SOL Coin could highlight BONK Coin for short-term gains. BONK Coin emerged during a time of negative headlines for Solana $163, offering a lucrative airdrop to support the ecosystem.
Since then, BONK Coin has held a unique position in the Solana community with an intriguing story. After a significant rise from a low of $0.00000914, BONK Coin continues to feel the support of SOL Coin. If closures above $0.0000158 persist, we could see new highs between $0.000020 and $0.0000241.
Shiba Coin, on the other hand, has been on a downward trend for an extended period. The support at $0.0000130 remains intact, which is a positive sign. Although it may not be as exciting as the other two, a rally in SHIB could occur, especially if it surpasses $0.0000174, potentially paving the way for a peak of $0.0000248.