- Despite market challenges, projections suggest Shiba Inu may see moderate short-term increases, with a potential rise to $0.00001661 by February 20, 2025.
- XRP’s price continues to rise due to speculation around the ongoing legal battle between Ripple and the SEC, and potential ETF approval.
Shiba Inu (SHIB) and Ripple’s XRP are the two cryptocurrencies that are still significant players in the market. The challenges and opportunities are different for each of them. SHIB is unable to break new highs due to market pressure. Meanwhile, XRP continues to be a hot topic for speculation, especially with the recent news about ETFs, with investors closely watching price movements.
Shiba Inu (SHIB) Price Prediction For February
Shiba Inu’s price stood at around $0.00001609, with a 0.59% drop in the last 24 hours. The fall has sparked debate among investors, who are wondering when the token will bounce back and hit a new high. In this context, SHIB’s ecosystem recently announced a partnership with the UAE government’s Ministry of Economy and Investment (MoEI), which could be a positive sign for the token’s future.
Market volatility aside, projections say that SHIB may still manage to have moderate increases in the short term. CoinCodex suggests that by February 20, 2025, the price of Shiba Inu may rise to about $0.00001661. At the end of the month, however, it is expected that the token will stabilize at approximately $0.00001575.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -1.13% and reach $0.00001575 by March 8, 2025,” CoinCodex data showed. Analysts also pointed out that the market sentiment remains bearish, with the Fear & Greed Index at 54, which means neutral.
Whilst, SHIB price registered 11 out of 30 green trading days in the last 30 days, and price volatility stood at 10.65%. Based on these signals, the overall market analysts comment that this is not the correct time for buying SHIB now.
XRP Price Movement & Speculations Amid Legal Battle
XRP price has continued to move upward, largely due to speculation surrounding the regulatory setting. A major factor that will determine its price is the approval of an XRP ETF, which would have a huge impact on investor sentiment and trading volumes. The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is also a major talking point. Some investors are optimistic that the case will soon be resolved, which may unlock new price momentum for XRP.
Thus, the XRP price is forecasted to be around $2.58 by February 20, 2025, CoinCodex says. However, the token will stabilize at $2.47 by the end of the month. “According to our current XRP price prediction, the price of XRP is predicted to rise by 1.26% and reach $2.47 by March 8, 2025,” CoinCodex reported.
The analysis indicated that the current sentiment for XRP is bearish, and the Fear & Greed Index is at 49, which also indicates a neutral outlook. Further, the XRP price has had 15 out of 30 green trading days, and the price volatility over the last month was 11.62%. Based on these factors, analysts say that now may not be the best time to invest in XRP.
