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February 26, 2024
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Crypto News: Shiba Inu (SHIB) to Enter Top 5 and XRP To Reclaim Top 3 Spot in Next Bull Run!

The post Crypto News: Shiba Inu (SHIB) to Enter Top 5 and XRP To Reclaim Top 3 Spot in Next Bull Run! appeared first on Coinpedia Fintech News

Going by market capitalization, Bitcoin is the largest, number one. Ethereum comes second, and then USDT comes third. It has been like this for a couple of years.

XRP to Overtake USDT?

But XRP has fought for the third spot with USDT a few times too. The last time XRP was the third-largest crypto was three years ago in 2020 before the SEC filed its infamous lawsuit against Ripple.

Fast forward to now. XRP has been legally declared not to be a security. Of course, this has got the industry hyped. XRP’s price has increased significantly since the ruling came and because of this, predictions have been flying.

The latest comes from analyst Del Crypto, who says confidently that XRP is about to overtake USDT once again to become the third-largest cryptocurrency in the world. At the time of writing, XRP is number four and worth $0.71, bullish on its daily chart.

How XRP is Doing Right now

The current price is also where the 25-EMA line is located. If XRP manages to break through and close above this level decisively, it could go on to gain more value and reach the next resistance at $0.75. However, the 50-EMA crossing below the 25-EMA indicates a bearish sentiment.

In this case, the initial support level is at $0.6673. But, there are some signs of buying activity, which suggests that XRP’s price might have some positive momentum in the short term. Traders should keep an eye out for a closing price above $0.72 before considering a long position.

A Bright Future for Shiba Inu (SHIB)

XRP isn’t the only crypto Del made a prediction for. According to the expert, Shiba Inu is going to return to the top 5 cryptocurrencies in the world. Both predictions, he claims, will hold true during the next bull run.

Right now, SHIB is the seventeenth-largest crypto in the world, so its prediction is way more ambitious than XRP’s. But only time can tell if any or both of these predictions were accurate.

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