- SHIB formed a symmetrical triangle, suggesting a 40% increase for the memecoin.
- XRP’s troubles with the U.S. SEC might restrict its price action from a rally.
- SHIB’s price dropped below $0.000038, indicating that the bullish thesis could be invalidated.
If recent trends and predictions are correct, Ripple (XRP) could drop below Shiba Inu (SHIB) 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.
High Conviction for SHIB But None for XRP
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.
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.
#ShibaInu forms a symmetrical triangle on the 4-hour chart. A…The post SHIB vs XRP: Will the Memecoin Flip the Embattled Token? appeared first on Coin Edition.