Shiba

Memecoin

when

Shiba Inu

<ul class="news-points"> 
 <li>SHIB formed a symmetrical triangle, suggesting a 40% increase for the memecoin.&nbsp;</li> 
 <li>XRP’s troubles with the U.S. SEC might restrict its price action from a rally.</li> 
 <li>SHIB’s price dropped below $0.000038, indicating that the bullish thesis could be invalidated.</li> 
</ul> 
If recent trends and predictions are correct, <a href="https://coinedition.com/ripple-xrp-price-prediction/">Ripple (XRP)</a> could drop below <a href="https://coinedition.com/shiba-inu-overcomes-35-dip-analyst-expects-all-time-high-soon/">Shiba Inu (SHIB)</a> on the market cap standings. At press time SHIB was number 10 while XPR had a higher capitalization, placing it at number 6. 
However, XRP’s performance lately has been underwhelming when compared to that of SHIB. For instance, the price of XRP has increased by 2.17% in the last seven days. But SHIB has had an incredible 70.49% climb within the same period. 
<h2 class="wp-block-heading" id="h-high-conviction-for-shib-but-none-for-xrp">High Conviction for SHIB But None for XRP</h2> 
On March 9, analyst Ali Martinez predicted that SHIB could be set for another 40% increase. According to Martinez, SHIB had formed a symmetrical triangle on the 4-hour chart.&nbsp; 
If the price sustains above $0.000038, it could rise as high as $0.000052. However, the analyst also noted that a slip below $0.000033 could invalidate the bullish thesis. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ShibaInu</a> forms a symmetrical triangle on the 4-hour chart. A…
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The post <a href="https://coinedition.com/shib-vs-xrp-will-the-memecoin-flip-the-embattled-token/">SHIB vs XRP: Will the Memecoin Flip the Embattled Token?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SHIB vs XRP: Will the Memecoin Flip the Embattled Token?

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