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Homeweb3.0Ripple Price Losing Steam – Could This New Viral Crypto Be The Next Big Player Over XRP and Shiba Inu (SHIB)?

The US SEC has been waging war on the crypto markets since the last bull run and Ripple looks set for further legal wrangling in the months to come.

Ripple Price Losing Steam – Could This New Viral Crypto Be The Next Big Player Over XRP and Shiba Inu (SHIB)?

The price of XRP remained largely unchanged over the past 24 hours, experiencing a slight increase of 1.1%. At the time of writing, XRP is valued at $0.54. This marks a decline of over 7% in the past 30 days.

The recent news that the SEC is planning to appeal the 2023 decision, which cleared Ripple of selling illegal securities, could explain XRP’s lackluster performance.

If the SEC’s appeal is successful, it will likely subject XRP to a new round of legal scrutiny and potentially hinder its price growth. However, if XRP manages to maintain support above $0.50, it could set the stage for a price recovery.

With each claim of $0.60, XRP could encounter strong resistance, but if it manages to break through, it will open the door for further price increases.

Shiba Inu Gains 30% on the Monthly Chart as Memes Experience a Resurgence

Shiba Inu enjoyed a strong month of price appreciation, adding over 30% to its market cap. At the time of writing, SHIB is valued at $0.000018, following a 2.4% price increase today.

The meme token appears poised for a return to bullish momentum as بازار کریپتو show signs of meme fever once again. If SHIB can keep pace with the new memes that have emerged this cycle, it will likely attempt to reclaim the yearly highs and set its sights on the 2021 bull peak of $0.000079 in the coming weeks.

However, to maximize gains during this cycle, Shiba Inu holders are advised to diversify into newer projects that are likely to experience exponential growth in Q4.

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