The cryptocurrency market continues to show dynamics amid institutional inflows into leading assets. In this context, Ethereum, XRP, and Shiba Inu attract attention as significant players.
Ethereum's Rise Amid Institutional Demand
Ethereum is trading at $4,590.74, up 5.21% from previous figures. Strong demand from institutional investors, especially via ETFs and on-chain staking, supports growth. Over the last 30 days, ETH has fluctuated between $3,353.41 and $4,956.72, while yearly returns showcase its resilience.
XRP: Banking Partnerships Strengthen Long-Term Outlook
XRP is trading between $2.50 and $3.40 as investors await regulatory clarity. Ripple's partnership with major banks like SBI Holdings and American Express enhances XRP's real-world utility in international payments. Analysts suggest that if SEC approval for XRP ETFs is granted, it could lead to significant price increases.
Shiba Inu: Technical Indicators Show Bullish Sentiment
Shiba Inu is showing signs of recovery, with an RSI of 47 and trading above its nine-day moving average. Recent data shows that 189 billion SHIB were withdrawn from Coinbase wallets, interpreted as strategic accumulation by large investors. However, sustained upward momentum requires robust trading volume.
Cryptocurrencies such as Ethereum, XRP, and Shiba Inu continue to demonstrate investor interest, though their fate may depend on further institutional investments and market conditions.
