XRP, one of the largest altcoins by market value, has managed to maintain its stability during market downturns. The reasons behind XRP’s resilience have been well-explained previously, and it continues to have a potential to reach even greater peaks before the year concludes. The pertinent question remains: what are the latest predictions for SHIB and XRP?
Ripple (XRP)
As November approaches, anticipation for ETF approval is increasing. CME options have already launched, and with the FTX returns, XRP—a favored altcoin in the US—shows potential to attract more demand. Currently, the altcoin is finding buyers above $2.30 and has been moving sideways for nearly 12 days.
Given that Trump’s speculative actions affect the general market trend, it’s not surprising that new highs haven’t been reached. Following the US elections, prices increased more than fivefold and remain 330% above the November 7 level. Most altcoins cannot boast the same, with many falling below their previous year lows.
For XRP Coin, the challenges are seemingly over, and with the expected ETF approval, Ripple $3‘s public offering, RLUSD’s growth, and the expansion of the XRPL ecosystem are to be watched. Predictions for June suggest encountering new peaks reaching $2.95. For this to happen, XRP bulls need to reclaim $2.55 as support, and ETH must surpass $3,000 to trigger a rally across altcoins.
As July 9 looms as the deadline for tariffs, it’s crucial to see new tariff agreements weeks in advance, which will positively impact the markets. However, as the deadline nears, unpredictable and volatile statements from Trump, similar to his recent ones, may repeatedly jolt the markets, with $2.20 and $1.98 being targets in such abrupt fluctuations.
Shiba Coin Commentary
SHIB, the second-largest meme coin by market value, exhibits more stability as it strives to maintain the $0.00001407 support level. Further declines may lead to a return to $0.00001255 and $0.00001048.
However, with a bullish breakout in ETH prices, Shiba Coin’s upward momentum in June is anticipated at the $0.00001750 level.