**Crypto Market Prediction: XRP Secures Enormous Surge, Shiba Inu (SHIB) Hides 20% Recovery Potential, Ethereum (ETH) to Beat Bitcoin?**
The post appeared on BitcoinEthereumNews.com.
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**Shiba Inu’s Solid Potential | Ethereum’s Dominance to Rise?**
Recently, XRP experienced one of its biggest on-chain spikes in months, marked by a 24-hour increase in payment volume of over 200% and a total of 2.56 billion XRP transferred throughout the network. This significant liquidity movement within Ripple’s settlement layer signals much more than mere retail noise or speculative churn.
Understanding the historical context is crucial here. When XRP sees substantial increases in network utility without a corresponding decline in price, it’s typically a sign of structural support rather than panic selling.
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**Technical Analysis of XRP**
Currently, all three Exponential Moving Averages (EMAs) are aligned downward, acting as layered overhead resistance. This alignment demonstrates that the general trend remains corrective. Each upward price push has been capped, most recently in the $2.55 to $2.60 range.
For XRP to regain its bullish momentum, breaking through this resistance zone is essential. What’s noteworthy is how well the price is holding despite this strong resistance — especially considering the overall market volatility. Buyers are clearly stepping in at the $2.30 to $2.35 range, as XRP has consistently defended this level.
The Relative Strength Index (RSI) sits around 41, indicating weak momentum but importantly, it is neither oversold nor showing signs of breakdown. This suggests that XRP is entering a phase of stabilization rather than exiting.
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**On-Chain Activity Supports Stability**
The surge in on-chain activity complements this stabilizing phase. With a 2.56 billion XRP transfer spike, it is evident that utility and liquidity are increasing. XRP is being actively used, not just exchanged.
This activity lends credence to the idea that institutional positioning, settlement activity, or accumulation are taking place beneath the surface.
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**Shiba Inu’s Solid Potential**
Meanwhile, Shiba Inu (SHIB) has yet to experience a full-fledged breakout. However, careful chart analysis reveals something many traders are overlooking: the beginnings of a structural bottom which could easily support a 20% recovery from current levels.
SHIB has shown promising signs that could pave the way for a significant rebound in the near term.
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*Stay tuned for further updates on Ethereum’s dominance and whether ETH is set to outperform Bitcoin in the coming market cycle.*
https://bitcoinethereumnews.com/bitcoin/crypto-market-prediction-xrp-secures-enormous-surge-shiba-inu-shib-hides-20-recovery-potential-ethereum-eth-to-beat-bitcoin/
