Shiba

bullish

Bitcoin

Shiba Inu

TL;DR
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 <li>XRP is down 10% on a two-week basis, but analysts remain optimistic about a potential bull run.</li>
 <li>SHIB has plunged 12% for the same period, with ongoing token burns aimed at reducing supply and boosting its value.</li>
 <li>BTC is also in the red, with potential rallies linked to upcoming economic events.</li>
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<h2 id="where-s-xrp-headed">Where’s XRP Headed?</h2>
Ripple’s XRP has been on a serious downfall as of late, resonating with the broader decline of the cryptocurrency market. Its price is currently hovering around $0.53, a 10% plunge on a two-week scale.&nbsp;
<figure id="attachment_358837" aria-describedby="caption-attachment-358837" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-358837" src="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5.png" alt="XRP Price" width="586" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5.png 847w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5-300x205.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5-768x524.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-Price-5-50x34.png 50w" sizes="(max-width: 586px) 100vw, 586px"></a>
 <figcaption id="caption-attachment-358837" class="wp-caption-text">
 XRP Price, Source: CoinGecko
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Despite the negative trend, numerous analysts remain optimistic that a resurgence is knocking on the door. One X user <a class="editor-rtfLink" href="https://x.com/EtherNasyonaL/status/1832527505883890034" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">argued</a> that XRP is a “sleeping giant” that is gearing up for a bull run. The crypto enthusiast claimed the asset is on the same accumulation stage observed in 2013 and 2018 which was later followed by a rally.
Crypto Bitlord – an analyst with almost 350,000 followers on X – was bullish, too, calling the token undervalued. “This reminds me of when it was at $0.04 cents before its $3.00 run all these shakeouts are designed to get our coins $27.00 is realistic,” they <a class="editor-rtfLink" href="https://x.com/crypto_bitlord7/status/1832404293019726235" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">said</a>.
For their part, Mando CT <a class="editor-rtfLink" href="https://x.com/XMaximist/status/1830511917179252753" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">envisioned</a> the formation of a “clear bullish divergence.” The analyst, who is known as a keen proponent of Bitcoin (BTC), promised to accumulate as many XRP tokens as possible. Those willing to explore additional price forecasts can check our detailed article <a class="editor-rtfLink" href="https://cryptopotato.com/top-ripple-xrp-price-predictions-is-new-ath-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">here</a>.
<h2 id="span-data-preserver-spaces-true-what-s-new-around-shib-span">What’s New Around SHIB?</h2>
The price of the popular meme coin has also been negatively affected by the recent market correction. SHIB is currently trading at approximately $0.00001319, representing a 12% decrease on a 14-day scale.&nbsp;
<figure id="attachment_358835" aria-describedby="caption-attachment-358835" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-358835" src="https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2.png" alt="SHIB Price" width="575" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2.png 822w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2-300x209.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2-768x534.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIB-Price-2-50x35.png 50w" sizes="(max-width: 575px) 100vw, 575px"></a>
 <figcaption id="caption-attachment-358835" class="wp-caption-text">
 SHIB Price, Source: CoinGecko
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One factor that could positively impact the valuation is the advancement of the Shiba Inu burning program. A few days ago, the community-driven project LTD TOKEN <a href="https://x.com/Shibtoken/status/1832514878281838846" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">destroyed</a> 250 million SHIB.
The USD equivalent of the stash might be insignificant, but continuous efforts in that field can benefit the price of the self-proclaimed Dogecoin killer. After all, the burning program leaves fewer tokens in circulation, which, combined with non-declining demand, should push the value up.&nbsp;
Recall that over 680 million SHIB tokens were <a class="editor-rtfLink" href="https://cryptopotato.com/this-is-how-many-shiba-inu-shib-tokens-were-burned-in-august/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">sent</a> to a null address throughout August. The amount represents a 79% increase compared to the burnt stash in July.
<h2 id="span-data-preserver-spaces-true-how-s-btc-doing-span">How’s BTC Doing?</h2>
The price of the primary cryptocurrency is down 13% in the past two weeks, currently trading at around $55,000 (per CoinGecko’s data).
<figure id="attachment_358834" aria-describedby="caption-attachment-358834" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-358834" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2.png" alt="BTC Price" width="585" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2.png 843w, https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2-300x205.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2-768x525.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTC-Price-2-50x34.png 50w" sizes="(max-width: 585px) 100vw, 585px"></a>
 <figcaption id="caption-attachment-358834" class="wp-caption-text">
 BTC Price, Source: CoinGecko
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However, there are numerous upcoming events that could trigger a major rally in the near future. One factor (arguably the most important) is the outcome of the FOMC meeting <a class="editor-rtfLink" href="https://www.investopedia.com/next-fed-meeting-7551561#:~:text=The%20next%20Federal%20Open%20Market,policymakers%20mark%20on%20their%20calendars." target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">scheduled</a> for September 18. 
The expectation is that the US Federal Reserve will finally cease its aggressive anti-inflationary policy and lower interest rates. Such a move will make money-borrowing cheaper, potentially boosting investors’ interest in risk-on assets such as BTC.&nbsp;
The August CPI inflation data, which will be announced on September 11, might also result in enhanced volatility. Those curious to see what other key events can play a role in BTC’s market dynamics can check our article <a class="editor-rtfLink" href="https://cryptopotato.com/3-things-that-could-influence-crypto-markets-this-week/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">here</a>.&nbsp;
The post <a href="https://cryptopotato.com/top-ripple-xrp-price-predictions-shiba-inu-shib-developments-and-more-bits-recap-sep-9/" rel="noopener noreferrer nofollow">Top Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 9</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Top Ripple (XRP) Price Predictions, Shiba Inu (SHIB) Developments, and More: Bits Recap Sep 9

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