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Top XRP Price Predictions, Shiba Inu Goes in Flames, and More: Bits Recap July 10

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Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback.

Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000.

Up or Down for XRP?

Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days.

Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price levels as “lifetime opportunity entry” and set a target of over $5.

Crypto Coral noted that XRP is compressing within a triangle pattern, with the valuation reacting sharply from a major support zone. “Structures this large often lead to significant moves once resistance gives way,” the analyst added.

Ali Martinez also gave his two cents. He spotted a potential bearish flag on XRP’s price chart, which could lead to a renewed correction toward $1.04 in the near future.

What’s New With SHIB?

The second-largest meme coin continues to struggle in the bear market, suppressed by the broader crypto sector’s decline and waning interest in the meme coin niche.

Shiba Inu’s ecosystem has also barely shown signs of life lately, as Shibarium’s activity has plummeted, investor enthusiasm has faded, and the team behind the project hasn’t unveiled any meaningful updates.

Among the few rays of hope is the recent resurgence of the burning program. As CryptoPatate rapporté, the SHIB team and community destroyed nearly 110 million coins on July 8, marking the largest burn in the last six months. Still, the USD value of the amount sent to a null address is negligible and insufficient to trigger a rally in the meme coin.

ETH’s Potential

The cryptocurrency took a huge blow last month, with its price slipping to around $1,500. Since then, the bulls have stepped in, and now ETH is trading just south of $1,800.

Not long ago, X user Ted claimed that a decisive breakout above $1,750 could open the door for a jump to $2,000, while Poseidon envisioned an ascent to $2,500 before September.

The growing institutional interest supports the bullish outlook. The spot ETH ETFs recently experienced five consecutive green days for the first time since April, indicating that major investors such as pension funds and hedge funds have increased their exposure to the asset. However, over the past 24 hours, outflows exceeded inflows, thus breaking the positive streak.

Spot ETH ETFs
Spot ETH ETFs, Source: SoSoValue

 

Le poste Top XRP Price Predictions, Shiba Inu Goes in Flames, and More: Bits Recap July 10 est apparu en premier sur CryptoPatate.

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