Bullish Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments and More: Bit Summary for September 26

TL;DR

XRP has consolidated between $0.58 and $0.60. Analysts predict a new all-time high or a significant price correction. Shiba Inu hit a milestone with more than 7 million blocks processed on Shibarium, sparking optimism for further price growth as the coin hit a one-month high. Bitcoin’s uptrend has slowed around $63,500, with analysts predicting a move above $65,000 or potential losses for investors if resistance holds. Epic XRP Rally or Severe Correction?

Ripple’s XRP has recently consolidated around the $0.58-$0.59 range, briefly breaking above $0.60 on September 21st. The current price represents a 9% increase on a two-week scale. Two major factors contributing to the recovery during this period were Grayscale’s launch of a dedicated Ripple Trust and the US Fed’s decision to cut interest rates by 0.5%.

XRP Price, Source: CoinGecko

According to several market watchers, XRP has yet to experience a true bull run. X user JackTheRippler recently assumed that the token’s valuation could reach a new all-time high next month based on possible positives such as the official settlement of Ripple’s lawsuit against the SEC.

“October 2024 could be a life-changing month for XRP holders,” the analyst stated.

EGRAG CRYPTO was even more optimistic, arguing that the asset’s price chart has formed an interesting pattern that resembles the logo of the footwear and clothing corporation Nike. Following this trend could lead to a high of $5.50 in the coming years. Also, if XRP breaks it to the upside, it can explode to a whopping $13 per coin.

Such a price explosion would require its market cap to soar above $670 billion, making the prediction quite unlikely.

On the other hand, X user JACKIS envisioned a “wild crash” for XRP, warning investors to properly prepare for such a possible event.

“The trend line is very weak and the spread is too long,” maintained the popular trader.

Shiba Inu’s last milestone

The second largest meme coin made headlines on September 25 due to the progress of its Layer 2 blockchain solution: Shibarium. As reported by CryptoPotato, the blocks processed on the network exceeded 7 million.

Shibarium was officially launched in August 2023. It is built to reduce transaction costs on the SHIB network, support decentralized application projects within the ecosystem, and improve scalability. For more updates on the ecosystem, check out our Shibarium news.

Some industry participants believe further protocol advancement could be a bullish factor for the Shiba Inu price. Meanwhile, the meme coin has been one of the best-performing cryptocurrencies in recent days, reaching a one-month high of approximately $0.0000157 (according to CoinGecko data).

SHIB price, source: CoinGecko. Is BTC Ready To Reach New Dimensions?

Despite being on an upward trend in the past two weeks, the major cryptocurrency has stalled its progress recently, currently trading around $63,500.

BTC Price, Source: CoinGecko

However, crypto X is full of analysts who believe the asset’s next step will be huge. Popular user Elja believes BTC’s “parabolic phase” has begun, predicting massive gains in the coming months.

$BTC the parabolic phase has begun

Uptober
November moon
Pumpcumber
bullory

They are all coming #Bitcoin pic.twitter.com/Xc1nj1d4En

— Elja (@Eljaboom) September 25, 2024

TrendSpider also chimed in, envisioning good days ahead for Bitcoin if it breaks above the major resistance level of $65,000. Otherwise, investors may “suffer the consequences,” they added.

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