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Shiba Inu (SHIB) has made an impressive breakout from a seven-week downtrend as most crypto prices recovered due to alleviated geopolitical tensions. Shiba Inu price trades $0.0000117 today, June 24, with an 8% gain in 24 hours, while daily trading volumes stood at $221 million. These gains have also coincided with a 1.6 trillion SHIB
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XRP price is defending the support level at $2, but it has also failed to make meaningful gains in recent weeks as traders remain cautious because of macroeconomic concerns. One analyst now believes that if Ripple fails to make any gains, it will face a massive selloff from whales and top holders, which makes it similar to meme coins. Amid this criticism, traders are now looking for the top XRP rivals to buy to make significant gains.
According to a recent post by analyst Crash on X, XRP price may be on the verge of a massive selloff from the existing holders. The traders who made significant gains late last year as Ripple soared are now looking to book profits, but there is insufficient demand from buyers considering the current bearish conditions in the market.
The analyst added that he was taking a short position on the XRP price as it will likely follow the same path as meme coins, which have already crashed by 90%. Additionally, reduced network activity adds to the likelihood that the price will record a massive decline. He stated,
“XRP is the biggest memecoin in disguise. It has little to no activity or revenue on the chain, just like a memecoin. It’s truly miraculous for it to be this high, and everyone who holds it is very fortunate they can sell it.”
Amid this sentiment, traders are seeking the top XRP rivals that they can buy today to make significant gains if the altcoin declines in price.
The top 3 XRP rivals that traders should consider buying today to make significant gains include Stellar (XLM), Solana (SOL), and Cardano (ADA). These altcoins have a bullish technical outlook as well as some strong fundamentals that suggest they may be primed for an uptrend.
One of the top XRP rivals to buy is Stellar (XLM), which trades at $0.24 at press time. This altcoin is often compared to Ripple, considering that the two blockchain projects seek to offer easier access to cross-border payments.
Analyst Andrew Griffiths on X has shared a bullish Stellar price prediction, suggesting that the XLM token might soon rally to record highs. He noted that XLM was trading within a bullish pattern, and if it flips resistance at $0.44, it could support gains past the all-time high of $0.87 and surpass $1.
If XLM can achieve this price target, it is likely to outperform XRP if the latter records a surge in selling activity, making it one of the top XRP competitors to buy.
Solana (SOL) also ranks among the top XRP rivals to buy today because of a bullish technical outlook and strong network activity. A recent Coingape article reported that the SOL price can rally to $150 soon after clearing a key liquidation level after its recent gains.
The rising network activity indicates that the Solana price can also outperform Ripple. Recently, the SOL network recorded the highest daily revenue since February 21, suggesting that more people are using the blockchain.
As network activity rises, it is bullish for SOL price, indicating the likelihood that it may outperform XRP. As such, it is among the top competitors of XRP to acquire today.
The other XRP rival that a trader should consider buying is Cardano (ADA). At press time, Cardano trades at $0.62 with a slight 1.4% gain in 24 hours. Analysts have shared a bullish Cardano price prediction, indicating that it might be on the verge of a recovery.
According to analyst Nala on X, Cardano appears to be following the same pattern that it did in 2019. At the time, ADA flipped a key resistance level before recording a strong uptrend. If this pattern repeats, this altcoin could soon explode to an all-time high price.
As XRP price struggles to defend the support level at $2, drawing criticism from some analysts, traders are now looking for the best XRP rivals to buy to make significant returns. Some of the top Ripple competitors to buy include Stellar, Solana, and Cardano, which are surrounded by strong technical setups and network activity, suggesting that they might outperform XRP.
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Silver’s price action surged by 3.5% during the last session, driven by several consecutive buying programs from Commodity Trading Advisors…
Analyst notes Pepe coin price is eyeing a 103.77% rally, targeting a new all-time high of $0.000028364 in the coming weeks. According to markets expert @LLuciano_BTC, a notable fractal pattern emerged on the one-day chart that indicates if history rhymes, the price of PEPE could rally past previous highs. The bullish structure was accompanied by a 40% surge in derivatives trading volume, which saw them reach $2.4 billion. Pepe Coin Price Eyes $0.000028364 ATH, Says Expert As per a Pepe Coin price analysis by @LLuciano_BTC, PEPE is positioned for a potential rally towards its previous all-time high of $0.00002825, a move that could spark a 103.77% breakout to a new ATH at $0.000028364. The meme token is currently trading just below a key resistance zone, consolidating within a broadening wedge. This bullish continuation pattern forms in trending markets and typically precedes sharp upward price expansions once the asset breaches the… Read More at Coingape.com
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