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Ripple’s XRP Price Explosion, Shiba Inu’s SHIB Potential, and More: Bits Recap July 18
In the world of cryptocurrencies, it is no secret that prices can fluctuate at any given moment. The past week was an excellent example of this volatility, with certain assets making significant gains while others remained stagnant. This recap aims to summarize the most important developments from the recent market dynamics.
Firstly, Ripple’s XRP has been on a tear, surging by 60% over the last month and reaching a historic high above $3.60. Experts predict that this uptrend may continue, with some suggesting targets as high as $10. The factors contributing to this rally include rising public interest, expanding network growth, accumulation efforts from whales, and recent positive developments in US crypto regulations.
As the price of XRP hit a new record, it’s worth noting that approximately 45% of Shiba Inu (SHIB) holders are currently at a loss. Despite this fact, market analysts remain optimistic about SHIB’s potential for further growth. One analyst, CJ, notes that SHIB has formed an impressive structure on its chart and anticipates a massive price increase in the near future.
Meanwhile, Bitcoin (BTC), the leading cryptocurrency by market capitalization, has seen its value dip slightly since peaking at $123K on July 14. However, several indicators suggest this downtrend is short-lived, given substantial ETF inflows and significant whale accumulation activity.
In summary, while XRP’s price explosion may continue, SHIB holds potential for significant growth based on various chart patterns.
Source: cryptopotato.com
