Shiba

bullish

Bitcoin

Shiba Inu

TL;DR
<ul>
 <li>Bitcoin (BTC) hit nearly $100,000 before dropping to $93,000, with corrections potentially linked to profit-taking and market sentiment.</li>
 <li>Ripple (XRP) soared to $1.60, now at $1.42, with predictions ranging from $1.60 to $30 by 2025.</li>
 <li>Shiba Inu (SHIB) saw a recent local peak and may rally again if it breaks key resistance.</li>
</ul>
<a href="https://cryptopotato.com/wp-content/uploads/2024/11/Recap_CB-22.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
<h2 id="btc-s-price-swings">BTC’s Price Swings</h2>
The primary cryptocurrency has been on a roller-coaster in the past week, with its price <a class="editor-rtfLink" href="https://cryptopotato.com/bitcoin-community-thanks-bears-and-non-believers-for-btcs-rally-to-99-5k/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">skyrocketing</a> to an all-time high of almost $100,000 on November 22 but <a href="https://cryptopotato.com/200-billion-from-crypto-markets-as-bitcoin-btc-dumps-below-93k-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">plunging</a> below $93,000 in the following days. In the past several hours, it dumped even harder and now sits at a multi-day low of $92,500.
<a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-372299" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022.png" alt="" width="826" height="577" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022.png 826w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022-300x210.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022-768x536.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-103022-50x35.png 50w" sizes="(max-width: 826px) 100vw, 826px"></a>
It is interesting to note that the correction intensified on November 25, shortly after MicroStrategy <a class="editor-rtfLink" href="https://cryptopotato.com/microstrategy-breaks-its-own-record-another-massive-purchase-for-55500-btc-worth-5-4b/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">announced</a> the purchase of a whopping 55,500 BTC for an average price of just under $98,000. The stash equaled approximately $5.4 billion, thus marking the company’s record in its acquiring spree.
Massive purchases of that type decrease the circulating supply of the leading digital asset and could lead to a price rally. It was not the case this time, with BTC dropping by 4% since the disclosure.
Corrections, though, are an inevitable part of the market cycle. Most recently, CryptoQuant’s analysts <a href="https://cryptopotato.com/bitcoin-dumped-by-6k-daily-but-these-on-chain-metrics-suggest-bull-market-is-still-on/" data-wpel-link="internal" rel="noopener noreferrer nofollow">outlined</a> some factors possibly contributing to the pullback, including Short-Term Holders (STH) taking profits and rising fear of missing out (FOMO) levels.
At the same time, on-chain metrics such as MVRV, NUPL, and Puell Multiple signal that BTC remains “in a bull market with upward potential.”
<h2 id="span-data-preserver-spaces-true-how-s-xrp-doing-span">How’s XRP Doing?</h2>
Ripple’s native token has been among the market’s rockstars in the past few weeks, with its valuation charting a triple-digit rally. Last week, it tapped a three-year high of $1.60, while currently, it is hovering below $1.4.
<figure id="attachment_372288" aria-describedby="caption-attachment-372288" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-372288" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13.png" alt="XRP Price" width="577" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13.png 1042w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13-300x208.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13-1024x710.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13-768x532.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-13-50x35.png 50w" sizes="(max-width: 577px) 100vw, 577px"></a>
 <figcaption id="caption-attachment-372288" class="wp-caption-text">
 XRP Price, Source: CoinGecko
 </figcaption>
</figure>
Unsurprisingly, the massive resurgence has been followed by bullish predictions by pro-XRP analysts. X user CrediBULL Crypto recently <a class="editor-rtfLink" href="https://cryptopotato.com/is-ripple-xrp-gearing-up-for-a-new-ath-before-christmas-analysts-speculate/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">assumed</a> that the asset’s price could reclaim $1.60 “as long as BTC doesn’t ruin the party.”&nbsp;
Crypto Assets Guy and Crypto Bull were much more optimistic. The former envisioned a potential new all-time high of over $4 by Christmas this year, while the latter <a class="editor-rtfLink" href="https://cryptopotato.com/xrp-army-rejoice-ripples-26-daily-price-surge-with-predictions-of-up-to-30-per-coin/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">set</a> a staggering target of $30 by the end of January 2025.
Exploding to such dimensions would require XRP’s market cap to skyrocket to around $1.6 trillion. Currently, the capitalization of the entire cryptocurrency sector is roughly $3.4 trillion, making the forecast quite implausible.&nbsp;
<h2 id="span-data-preserver-spaces-true-another-shib-jump-on-the-way-span">Another SHIB Jump on the Way?</h2>
The second-largest meme coin has also performed quite well throughout the last weeks. In mid-November, it climbed to a seven-month high before witnessing a correction alongside the broader market.
<figure id="attachment_372289" aria-describedby="caption-attachment-372289" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-372289" src="https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7.png" alt="SHIB Price" width="568" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7.png 1033w, https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7-300x211.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7-1024x721.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7-768x540.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/SHIB-Price-7-50x35.png 50w" sizes="(max-width: 568px) 100vw, 568px"></a>
 <figcaption id="caption-attachment-372289" class="wp-caption-text">
 SHIB Price, Source: CoinGecko
 </figcaption>
</figure>
The X users Crypto King and Ali Martinez are among the bulls, envisioning greater pumps in the near future. The former <a class="editor-rtfLink" href="https://cryptopotato.com/top-shiba-inu-shib-price-predictions-as-of-late/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">claimed</a> Shiba Inu (SHIB) could follow the solid performance of Dogecoin (DOGE).
For his part, Martinez <a class="editor-rtfLink" href="https://cryptopotato.com/shiba-inu-shib-could-pump-by-over-50-if-it-surpasses-this-major-resistance-level-analyst/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">predicted</a> a double-digit rally if the price surpasses the $0.000025 resistance. SHIB was trading above the depicted mark for several days before dipping slightly below in the last few hours.
The post <a href="https://cryptopotato.com/bitcoin-btc-price-retreat-bullish-ripple-xrp-predictions-and-more-bits-recap-nov-26/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Retreat, Bullish Ripple (XRP) Predictions, and More: Bits Recap Nov 26</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin (BTC) Price Retreat, Bullish Ripple (XRP) Predictions, and More: Bits Recap Nov 26

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