Date: Written By: Follow TheCryptoBasic Shiba Inu has continued to hold above a key long-term support level, sparking optimism of a resurgence targeting higher prices. Despite recent correctional price actions, Shiba Inu (SHIB) has shown resilience around critical price levels. The second-largest meme coin by market cap has dropped by double digits over the past 30 days while also losing nearly 60% of its value at the start of the year. Key Shiba Inu Support Holds Yet, it has held above a long-term support area, a TradingView analysis from “The Alchemist Trader” highlighted. The market commentator emphasized that SHIB is holding above a yearly price low of $0. 00000734. Advertisement Shiba Inu dropped to $0. 00000678 on Binance during the October 10 market crash but quickly recovered to close much higher. Since then, the token has failed to break below the $0. 00000734 demand zone, recording several candle closes above the level despite obvious price weakness. The analyst highlighted that this emphasizes the area’s strength while also suggesting price stabilization. According to him, these are prerequisites for a recovery push for the prominent meme coin. Further bolstering optimism is the recent surge in network activity. For instance, The Crypto Basic reported an 859% surge in Shiba Inu burn rate a few days back, as the ploy to create scarcity of the SHIB token intensifies. The market watcher considers this bullish for the token, asserting it could support a reversal. What to Expect from SHIB Meanwhile, the Alchemist Trader predicted that if the $0. 00000734 yearly low continues to hold, SHIB could plot a recovery to higher prices. An accompanying chart shows a possible rebound towards the first target of $0. 00001591. From the current market price of $0. 00000858, this represents an 85% price increase. Notably, the region aligns closely with the July high, an area SHIB has faced severe opposition in the past. The token failed to sustainably trend above the area during May’s lower high, reestablishing the strong sell pressure there. Remarkably, analyst Crypto Feras also shares a similar target. He predicted in a parallel commentary that SHIB is ready for a breakout towards $0. 000001546. If SHIB manages to defy this area, it will now target a 178% increase from the current market price to $0. 0000239. Notably, Shiba Inu last changed hands at such a high in January, when it peaked at $0. 0000249. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Author Elendu Benedict Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects. Bitcoin Defends Macro Floor with Upside Scenario Eyeing $180K Bitcoin holds key Fibonacci support as signs of recovery appear and an analyst eyes a move to new all-time highs. Renewed optimism around potential Federal. XRP Showing Signs of Recovery but Ichimoku Cloud Puts Resistance at Crucial Level XRP shows signs of recovery as momentum improves, but stiff resistance exists on the upper end of its daily Ichimoku Cloud. XRP is showing steady. Bitcoin Defends Macro Floor with Upside Scenario Eyeing $180K Bitcoin holds key Fibonacci support as signs of recovery appear and an analyst eyes a move to new all-time highs. Renewed optimism around potential Federal. U. S. PPI for September Rises 0. 3%: Here’s the Potential Impact on Bitcoin Bitcoin could respond favorably, as the latest U. S. Producer Price Index report for September shows a firmer rise in wholesale inflation. The PPI, which tracks. Here is the Level Ethereum Needs to Hold for a Surge Towards $3,300 Ethereum must hold key support levels to avoid further declines and potentially target higher resistance zones, amid recent institutional outflows. The latest Ethereum price chart. Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3 Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin’s annual performance following Q3 gains. Ethereum has nearly matched Bitcoin’s annual. Expert Predicts What High Prices XRP Could Reach as ETFs Trigger Supply Shock XRP analyst Chad Steingraber has offered a new perspective on the ongoing XRP ETF supply discussion. He suggests that the question is no longer whether. Analyst RP Route to 2 Digit-Price With Elliott Wave Structure While XRP has faced resistance to its latest recovery effort, XForceGlobal believes it remains in an Elliott Wave structure that could push prices beyond. Top Trader Says Shiba Inu Is Also Breaking Out Shiba Inu is attempting a reversal after several weeks of steady decline, with fresh momentum emerging on the charts. According to market analyst TraderSZ, SHIB. Shiba Inu Remains Vulnerable Unless It Reclaims This Key Resistance Shiba Inu shows a mild rebound but remains vulnerable as key resistance levels cap the recent recovery push. Shiba Inu (SHIB) is showing a modest. Expert Says Dogecoin Bullish Reversal Imminent as Grayscale DOGE ETF Goes Live An analysis suggests that the launch of the Dogecoin spot ETF in the US market would trigger a price recovery, potentially leading to new. Here is Resistance Dogecoin Must Reclaim to Surge Towards $0. 185 Dogecoin shows early signs of momentum recovery but must reclaim key resistance levels for further uptick. Dogecoin (DOGE) is showing a mild recovery after recent.
https://thecryptobasic.com/2025/11/26/analyst-shares-what-to-expect-as-shiba-inu-defends-yearly-low/
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Analyst: This Is Exactly What I’m Preparing You for With XRP
Date: Written By: Follow TheCryptoBasic RP community. Notably, the XRP market now boasts four spot XRP ETFs, which contributed to the impressive inflows on Monday. Interestingly, this performance has only led to stronger speculations about how consistent ETF buying might impact XRP’s price trend. For context, Canary Capital led the ETF campaign with its product debut on Nov. 13, and three more XRP ETFs have since entered the market. Their early performance has encouraged these speculations, especially as investors expect additional issuers to launch competing funds. Advertisement For Monday, Nov. 24, Bitwise CEO Hunter Horsley confirmed that roughly $18,000,000 in fresh inflows entered its ETF product (XRP) in a single day, pushing total inflows to around $135,000,000 within the fund’s first three days. Four XRP ETFs Absorb 80M XRP Meanwhile, game developer and well-known XRP community member Chad Steingraber, who has persistently monitored all four products since they launched, presented data across all products. According to his data, on Monday, the Bitwise XRP ETF traded 1, 452, 944 shares worth $36,599,659. Franklin Templeton’s XRPZ recorded 965, 203 units valued at $23,666,777. Meanwhile, Canary Capital’s XRPC followed with 783, 825 shares totaling $18,772,608, while Grayscale’s GXRP traded 152, 566 units worth $6,717,480. Altogether, the four funds moved $85,756,524 in trading volume that day. Steingraber then discussed their Monday netflows. Specifically, Canary Capital added 3, 193, 377 XRP, Bitwise accumulated 7, 837, 631 XRP, Grayscale acquired 36, 088, 433 XRP, and Franklin Templeton secured 32, 040, 560 XRP. Their combined total reached 79, 160, 001 XRP in one day. This update marked the first day of inflow data for Grayscale’s GXRP and Franklin’s XRPZ. However, it represented the ninth trading day for Canary Capital’s XRPC and the fourth day for Bitwise’s XRP fund. In a follow-up post, Steingraber estimated how much these ETFs could absorb if they kept this pace. Notably, he projected 80, 000, 000 XRP per day, 400, 000, 000 XRP across a five-day week, 1, 600, 000, 000 XRP over a month, and 19, 200, 000, 000 XRP in a year. “This is What I’m Trying to Prepare You For” According to the market commentator, these numbers showed the scale of activity he had tried to prepare the XRP community for. “This is what I’m trying to prepare you for,” Steingraber said, referencing his consistency in tracking these ETFs’ performances. He pointed out that these 80 million XRP inflows from the four funds corresponded with an $85 million volume and predicted that the market would eventually see multiple days of billion-dollar volumes, which would be more than 10 times the current figures. Naturally, these could lead to higher inflows. However, while the funds may continue to attract steady inflows, keeping up 80 million XRP every day may be unrealistic. For instance, updated figures for Tuesday, Nov. 25, show that the four ETFs absorbed 16 million XRP worth $35. 41 million, lower than the 80 million figure. Notably, this total still looked strong but fell well short of the earlier projection. Nonetheless, some days could deliver inflows far above 80 million XRP, possibly balancing weaker sessions. However, no available data guarantees this pattern, leaving analysts to watch how ETF demand develops from here. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Author Mark Brennan Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class. XRP Showing Signs of Recovery but Ichimoku Cloud Puts Resistance at Crucial Level XRP shows signs of recovery as momentum improves, but stiff resistance exists on the upper end of its daily Ichimoku Cloud. XRP is showing steady. Shiba Inu Remains Vulnerable Unless It Reclaims This Key Resistance Shiba Inu shows a mild rebound but remains vulnerable as key resistance levels cap the recent recovery push. Shiba Inu (SHIB) is showing a modest. U. S. PPI for September Rises 0. 3%: Here’s the Potential Impact on Bitcoin Bitcoin could respond favorably, as the latest U. S. Producer Price Index report for September shows a firmer rise in wholesale inflation. The PPI, which tracks. Is Bitcoin Entering Another 2022-Style Crash? Analyst Warns of Rising-Channel Breakdown The current Bitcoin pullback is closely tracking the same rising-channel breakdown pattern that preceded the 2022 downturn. Currently, Bitcoin trades at $86,301, down 0. 5% over. Here is the Level Ethereum Needs to Hold for a Surge Towards $3,300 Ethereum must hold key support levels to avoid further declines and potentially target higher resistance zones, amid recent institutional outflows. The latest Ethereum price chart. Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3 Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin’s annual performance following Q3 gains. Ethereum has nearly matched Bitcoin’s annual. Analyst RP Route to 2 Digit-Price With Elliott Wave Structure While XRP has faced resistance to its latest recovery effort, XForceGlobal believes it remains in an Elliott Wave structure that could push prices beyond. Millionaire Trader Says XRP to $8 Is Next Chapter, as Generational Wealth Journey Nears Its End A prominent trader has projected where XRP could head during its next leg up, suggesting that the generational wealth journey is close to an. Top Trader Says Shiba Inu Is Also Breaking Out Shiba Inu is attempting a reversal after several weeks of steady decline, with fresh momentum emerging on the charts. According to market analyst TraderSZ, SHIB. Shiba Inu Remains Vulnerable Unless It Reclaims This Key Resistance Shiba Inu shows a mild rebound but remains vulnerable as key resistance levels cap the recent recovery push. Shiba Inu (SHIB) is showing a modest. Expert Says Dogecoin Bullish Reversal Imminent as Grayscale DOGE ETF Goes Live An analysis suggests that the launch of the Dogecoin spot ETF in the US market would trigger a price recovery, potentially leading to new. Here is Resistance Dogecoin Must Reclaim to Surge Towards $0. 185 Dogecoin shows early signs of momentum recovery but must reclaim key resistance levels for further uptick. Dogecoin (DOGE) is showing a mild recovery after recent.
https://thecryptobasic.com/2025/11/26/analyst-this-is-exactly-what-im-preparing-you-for-with-xrp/
