Shiba Inu (SHIB) Price Analysis: Market Uncertainty Amidst XRP Surge

The cryptocurrency market witnessed surprising price movements recently, with Shiba Inu (SHIB) seeing a sharp drop after a brief period of recovery. Traders were caught off guard by the narrow trading range, which currently sees SHIB hovering just above its long-term support level at $0.00001200 USDT. Despite efforts to defend this floor, the lack of significant volume suggests a cautious sentiment amongst investors.