Shiba Inu Eyes Breakout as XRP ETF Splits and ETH Flips BTC
Shiba Inu holds support at $0.00001159 and consolidates near $0.00001238. A volume-backed breakout could target $0.00001698 and $0.00002052. Analysts are divided on XRP ETF prospects: some foresee outflows revealing weak demand, others expect up to $5 billion inflows. ConsenSys CEO Joseph Lubin predicts Ethereum (ETH) may flip Bitcoin (BTC), citing growing DeFi, treasury use cases and network upgrades. Traders should monitor Shiba Inu support levels, XRP ETF filings and ETH on-chain activity to gauge market direction.
Neutral
Shiba Inu’s consolidation near a long-tested support level signals a potential bullish breakout if volume confirms, mirroring past SHIB rallies after tight ranges. However, mixed forecasts for XRP ETFs create uncertainty: inflows may be muted or robust depending on fund structure and demand. Lubin’s bullish ETH thesis adds positive long-term sentiment but may not drive immediate price moves for traders focused on near-term catalysts. These conflicting signals balance out, resulting in a neutral market impact. In the short term, key levels and ETF updates will guide trading decisions; long term, Ethereum’s outlook hinges on adoption and on-chain activity.