TL;DR
XRP has consolidated around $0.58-$0.60. Analysts predict either a new all-time high or a significant price correction.
Shiba Inu hit a milestone with over 7 million processed blocks on Shibarium, sparking optimism for further price growth, as the coin reached a one-month high.
Bitcoinâs uptrend has slowed at around $63,500, with analysts predicting either a breakthrough past $65,000 or potential losses for investors if resistance holds.
Epic XRP Rally or a Severe Correction?
Rippleâs XRP has recently consolidated around the $0.58-$0.59 range, briefly surpassing $0.60 on September 21. The current price represents a 9% increase on a two-week scale. Two main factors contributing to the rally during that period were Grayscaleâs launch of a dedicated Ripple Trust and the US Fedâs decision to decrease the interest rates by 0.5%.
XRP Price, Source: CoinGecko
According to multiple market observers, XRP is yet to experience a real bull run. The X user JackTheRippler recently assumed that the tokenâs valuation could hit a new all-time high next month based on potential positive elements such as the official resolution of the Ripple v. SEC lawsuit.Â
âOctober 2024 could be a life-changing month for XRP holders,â the analyst claimed.
EGRAG CRYPTO was even more optimistic, arguing that the assetâs price chart has formed an interesting pattern resembling the logo of the footwear and apparel corporation Nike. Following that trend could lead to a peak of $5.50 in the next years. Moreover, if XRP breaks it to the upside, it may explode to a whopping $13 per coin.Â
Such a price explosion would require its market cap to skyrocket above $670 billion, making the prediction quite improbable.Â
On the other hand, X user JACKIS envisioned a âwild breakdownâ for XRP, warning investors to prepare properly for that possible event.
âThe trendline is super weak & the distribution is too long,â the popular trader maintained.
Shiba Inuâs Latest Milestone
The second-largest meme coin made the headlines on September 25 due to the progress of its layer-2 blockchain solution â Shibarium. As CryptoPotato reported, the processed blocks on the network exceeded 7 million.
Shibarium was officially launched in August 2023. It is built to lower 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 that further advancement of the protocol could be a bullish factor for Shiba Inuâs price. Meanwhile, the meme coin has been among the top-performing cryptocurrencies in the past few days, reaching a one-month high of approximately $0.0000157 (per CoinGeckoâs data).
SHIB Price, Source: CoinGecko Is BTC Ready to Reach New Dimensions?
Despite being on an uptrend in the last two weeks, the primary cryptocurrency has stalled its progress as of late, currently trading at around $63,500.Â
BTC Price, Source: CoinGecko
However, crypto X is full of analysts who believe the assetâs next step will be huge. The popular user Elja thinks BTCâs âparabolic phase has started,â forecasting massive gains in the following months.
$BTC parabolic phase has started
Uptober Moonvember Pumpcember Bulluary
All are coming #Bitcoin pic.twitter.com/Xc1nj1d4En
â Elja (@Eljaboom) September 25, 2024
TrendSpider chipped in, too, envisioning good days ahead for Bitcoin if it surpasses the major resistance level of $65,000. Otherwise, investors may âsuffer the consequences,â they added.
The post Bullish Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 26 appeared first on CryptoPotato.
