Ripple partners: Blockchain payment platform Ripple has announced that leading UAE financial platforms Zand Bank and Mamo Pay have adopted Ripple Payment, its blockchain-powered payment solution, to improve cross-border payments. Why’s New Partnership Is Important for Ripple? Ripple shared the announcement in a blog post on Monday, May 19. The partnership comes shortly after Ripple became the first blockchain-powered payment solution to receive a license from the Dubai Financial Services Authority (DFSA). The license allows the payment infrastructure provider to tap into market opportunities in the Middle East, as well as operate legally in the region. Source: X Interestingly, the new license and partnerships with Zand Bank and Mamo Pay allow Ripple to provide round-the-clock payment services and handle payment processes on behalf of its customers in the UAE. Additionally, thanks to these local partners, Ripple says settlement time will be reduced to a few minutes, making it easier to… Read More at Coingape.com
After several days of price declined followed by sideways price movement, the crypto market has again turned in bulls’ favor. Like most crypto, Shiba Inu (SHIB) price is also benefiting from it. To be precise, the meme coin’s value pumped by more than 4% in just the last 24 hours.
Following this promising surge, SHIB’s value is standing at $0.00001258 with a market capitalization of over $7.41 billion, making it the 16th largest crypto. In fact, things can get even better, as an analyst suggested that the chances of SHIB’s price skyrocketing are high—a sign of an upcoming bull run.
Shiba Inu Price Analysis—A Bull Rally Soon?
As Shiba Inu price gains momentum, several analysts are prediction SHIB’s surge to the moon. One of them is a popular crypto analyst $SHIB KNIGHT. The analyst recently posted a tweet on X mentioning that ill make history again. It is one of the hottest token on the market. The tweet also mentioned that the analyst is waiting for the accumulation phase to end, which will be followed by a massive boom.
$SHIB will make history again. It is one of the hottest token on the market.
However, other datasets revealed not much buying activity was taking place around SHIB. This was evident from the closely knit supply on exchanges and supply outside exchanges charts.
Source: Santiment
Additionally, after a sharp spike, SHIB’s weighted sentiment also entered the negative zone—a sign of declining bullish sentiment. Hyblock Capital’s data further established the fact that investors were not buying SHIB, one of the top meme coins.
Analysis revealed that SHIB’s sell volume touched 86 in the last few days. For starters, a number closer to 100 means that selling pressure is high. This can negatively affect Shiba Inu price action as it suggested that there are chances of SHIB’s ongoing price uptrend to end soon.
Source: Hyblock Capital
What Lies Ahead For SHIB
Since there are mixed signals in the market, we then took a closer look at Shiba Inu price chart to better understand whether the meme coin is ready for a bull run. Mentioning Shiba Inu price prediction, in order for the meme coin to sustain its bull rally, it must first go above the $0.00001514 resistance level. A breakout above that will allow SHIB price to reclaim its January 2025 high.
Source: TradingView
Conclusion
Shiba Inu price analysis shows promising short-term momentum, but mixed market signals suggest caution. A breakout above key resistance could confirm a bull run, making it crucial for investors to closely monitor SHIB’s next moves.
