Will XRP, Shiba Inu, and Bitcoin experience a significant surge this week?
In the dynamic world of cryptocurrencies, August 2025 sees a bullish outlook for XRP and a mixed picture for Bitcoin and Shiba Inu.
XRP on an Uptrend
The short-term technical analysis forecast for XRP is broadly bullish, with many analysts predicting a significant surge. XRP has recently broken key resistance levels around $3.27–$3.40, driven by institutional buying and positive developments in Ripple’s legal issues. Price targets for August 2025 range between $6 and $8, with some forecasts even anticipating prices above $10 in the medium term as momentum builds. However, there is also caution from technical patterns like the bearish double top and potential resistance near $3.4, which might suggest short-term pullbacks before further gains. The consensus favors a strong upward trend supported by regulatory clarity and increasing market interest [1][2][3][4][5].
Bitcoin in a Precarious State
Bitcoin, on the other hand, is currently in a precarious state of equilibrium. Recent weeks' attempts by Bitcoin to breach the $120,000 mark have all been rejected under selling pressure. If Bitcoin fails to establish itself above $120,000, a scenario of stagnation or bearish correction could unfold. A corrective risk for Bitcoin involves a drop towards the EMA 100 days, valued at $108,377, with secondary support at the EMA 50 days, valued at $113,934.
Shiba Inu: Potential Bearish Reversal
Shiba Inu (SHIB) shows signs of a potential bearish reversal with the formation of a "head and shoulders" pattern. However, due to the lack of current technical analysis or price forecasts for Shiba Inu in the provided search results, an up-to-date technical forecast for the short term cannot be provided.
In summary, the forecast for XRP is bullish, with a target of $6–$8 for August 2025. For Shiba Inu and Bitcoin, the lack of recent data in the search results prevents the provision of an up-to-date technical forecast.
[1] Source 1 [2] Source 2 [3] Source 3 [4] Source 4 [5] Source 5
If you're interested in buying XRP, Shiba Inu, and Bitcoin, here's a guide to buying them on the Bitget exchange:
- Visit the Bitget website and create an account.
- Verify your identity to access advanced features and higher trading limits.
- Deposit funds into your account using your preferred payment method.
- Navigate to the trading section and select the cryptocurrency you wish to buy.
- Place your order according to your chosen strategy (market, limit, or stop-limit).
- Monitor your trade and manage your portfolio as needed.
Happy trading!
- The bullish forecast for XRP in August 2025 suggests potential prices ranging between $6 and $8, with some anticipating prices above $10, driven by institutional buying, positive legal developments, and increasing market interest.
- Bitcoin's current precarious state, unable to break the $120,000 mark, may lead to stagnation or a bearish correction if it fails to establish itself above this level, with a corrective risk involving a drop towards the EMA 100 days at $108,377.
