Shiba Inu Breakout Potential: Could XRP Surprise Markets?

Shiba Inu (SHIB) is poised for a potential breakout, driven by increasing whale activity and a recent technical rally. While the token has been struggling with price stagnation recently, on-chain data suggests a significant shift in sentiment. The analysis from U.Today highlights a potential upward trend as SHIB’s price continues to consolidate around its crucial support level at $0.0000120. The recent spike in large transaction volumes indicates a strong accumulation phase, with more than 24 trillion SHIB moved in six-month high whale transactions on June 5th. This surge is accompanied by the RSI approaching 40, indicating room for further gains before breaking out. This potential breakout could propel SHIB toward $0.0000155 and beyond if support holds above the key level of $0.0000120 and resistance range of $0.0000134-$0.0000138. Meanwhile, XRP is showing signs of volatility in the coming days. A break from a descending trendline and bounce from the 200 EMA suggest a short-term rally toward $2.25 and $2.30 before potentially hitting its true potential. This could be further fueled by an increase in large transaction volume, which has decreased recently. While this period of quiet activity may be temporary, traders should watch for signs of volatility as it suggests a significant shift in market dynamics.