Bullish Ripple (XRP) Price Predictions, Upcoming Shiba Inu (SHIB) Developments, and More: Bits Recap Jan 14
2025-01-14
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TL;DR
XRP Price Explosion in the Making?
Ripple’s XRP passed through enhanced turbulence in the past few days. Over the weekend, its pricepumpedto almost $2.60 but the start of the business week offered pain for the bulls. On January 13, XRP followed the broader decline of the cryptocurrency market and dipped below $2.40. The last 24 hours, though, witnessed a substantial resurgence and the asset is currently worth $2.53 (per CoinGecko’s data).
According to many industry participants, XRP has much more room for growth in the near future due to some key upcoming factors. Some of those include Donald Trump’s inauguration as America’s 47th President and the resignation of the SEC’s Chairman Gary Gensler. The Republican has shown a pro-crypto stance during his presidential campaign, while the agency’s leader is considered a huge enemy of the digital asset sector.
“XRP is gonna make a big move on January 20 because of Trump taking office and Gary Gensler resigning,” one popular X user predicted.
Other market observers envisioning an incoming price pump include CRYPTOWZRD and WSB Trader Rocko. The former claimed XRP “has flipped previous resistance to support” of around $2 and is now ready to jump to a new all-time high of $4 and then $8. They said such a scenario would mimic the pre-bull run in 2017 and the subsequent rally the following year.
For their part, WSB Trader Rocko referred to XRP’s price chart as “the most bullish in crypto.” According to them, Ripple’s recent introduction of its stablecoin (RLUSD) and the company’s potential connections with Donald Trump’s future administration could drive the token to reach new peaks.TREAT on the Way
Shiba Inu has recently taken the main stage due to a major development related to its ecosystem. As CryptoPotato previously reported, the meme coin TREAT (which is designed to enhance utility and engagement across the network’s projects) is scheduled to go live today (January 14).
The leading cryptocurrency exchanges that have already embraced the token include KuCoin, Gate.io, Bitget, MEXC Exchange, and others. Some of those have even announced special airdrops to users.
Gate.io has promised to distribute 1,000,000 TREAT, KuCoin will airdrop 3,000,000 coins, while Bitget users will split 87,450,000 tokens.
Those willing to apply for the offer should create an account at the aforementioned platforms. Then, they must visit Shiba Inu’s official website, provide a user ID, and deposit the designated address. Once those details are submitted, the accounts will be whitelisted and “ready to receive TREAT tokens.”BTC Price Outlook
Last but not least, we will focus on the primary cryptocurrency, whose price swings have been more than evident lately. BTC started the week trading at approximately $95,000. Shortly after, though, the bears suppressed the valuation below $90,000, the lowest point observed in two months.
However, the bulls have recovered much of the lost ground in the past several hours, with BTC currently trading just south of $95K.
The price resurgence coincides with some optimistic forecasts coming from industry participants. Bitwise CEO Hunter Horsley, for one,said2025 could be the year for Bitcoin and crypto, which has “so many tailwinds and so few headwinds.”
Those willing to explore additional price predictions and check whether now is a good time to hop on the bandwagon as investors can take a look at our dedicated video below: