The crypto market is buzzing again, this time led by the bullish revival of XRP and Shiba Inu (SHIB).

XRP is charging forward with eyes on a $2.50 breakout, fueled by a major SEC settlement and renewed ETF approval hopes.

The crypto market is buzzing again, this time led by the bullish revival of XRP and Shiba Inu (SHIB).

Also Read: Shiba Inu Price Remains Flat Despite Wild Chart Predictions Suggesting 1346% Rally

XRP is charging forward with eyes on a $2.50 breakout, fueled by a major SEC settlement and renewed ETF approval hopes. This is heating up the minds of investors who are looking for a leg up on SHIB, which is stirring up meme-coin mania once again with wild price predictions suggesting a 1346% rally could be on the horizon.

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Shiba Inu (SHIB) Price Outlook: Chart Signals a Potential 1346% Surge

SHIB is once again commanding attention in the meme coin space. Technical analysts are now pointing to a double bottom pattern dating back to mid-2023, suggesting a potential rally as high as 1346%. Influencers like Oscar Ramos and traders coding as "illagodzilla" are forecasting SHIB to rise to $0.00008854 or possibly $0.000173, turning heads in retail circles. The coin’s recent 2% move aligns with this bullish pattern and highlights SHIB’s potential for another viral breakout.

Despite the optimism, analysts urge investors to be mindful of SHIB’s notorious volatility. Nonetheless, with its cult-like community and hints of upcoming updates from project lead Shytoshi Kusama, SHIB could offer outsized rewards to those who get in early before momentum accelerates.

Shiba Inu price is up 2% today as chart patterns and optimism heat up. Technical traders are now pointing to a double-bottom pattern that could see SHIB surge by 1346%. Oscar Ramos predicts a move to $0.00008854 while trader "illagodzilla" sees it going even higher to $0.000173.

Shiba Inu price could be heating up again as chart patterns and optimism point to a move towards 1346% gains.

Technical trader Ben Shapes pointed out a double-bottom pattern that dates back to mid-2023. Chart trader and influencer Oscar Ramos predicts that SHIB price could rally to $0.00008854.

This would represent a huge return for early investors, considering that SHIB is currently trading at around $0.000063.

The potential rally is no surprise given that the meme coin has already seen a 2% price increase today. It seems to be continuing its ascent after encountering a strong resistance level at $0.00006 at the beginning of the week.

Moreover, Shapes notes that the Relative Strength Index (RSI) is approaching overbought levels, indicating strong buying pressure.

This aligns with the heat map from crypto intelligence platform TipRanks, which shows that 13 out of 15 analysts are bullish on SHIB in the short term.

However, Shapes cautions investors to be mindful of the crypto’s notorious volatility.

"This thing moves fast. Pay attention!" he warns.

Still, Shapes' analysis suggests that SHIB could move higher, especially with its community's hype and hints of upcoming updates from project lead Shytoshi Kusama.

"Maybe Shib is about to take off again," he concludes.

XRP Price Outlook: ETF Hype and SEC Clarity Target $2.50 and Beyond

XRP is experiencing a momentum shift thanks to its finalized settlement with the SEC. The lawsuit, now closed at a $50 million resolution (down from the original $125 million), has cleared the air for Ripple and opened the door to a wave of institutional demand.

Multiple fund managers have filed for XRP ETFs, and the prospect of approval is pushing investors back in. XRP has already surged past the $2.20 mark, with analysts citing $2.50 as the next major target. Some long-term projections go as high as $4.50 by the end of 2025.

If the ETF filings get greenlit and liquidity increases as expected, XRP could see a significant upward rerating. This legal clarity has lifted a weight that previously limited its growth potential.

However, despite the optimism surrounding the potential for a bull market in 2023, Shapes warns that the crypto market is still in a bear market. He adds that traders should be prepared for anything,