Bitcoin (BTC) Price Pullback, Bullish Ripple (XRP) Predictions and More: Bit Summary November 26

TL;DR

Bitcoin (BTC) reached nearly $100,000 before dropping to $93,000, with corrections potentially linked to profit-taking and market sentiment. Ripple (XRP) soared to $1.60, now at $1.42, with predictions ranging from $1.60 to $30 in 2025. Shiba Inu (SHIB) saw a recent local peak and can recover again if it breaks key resistance.

BTC price changes

The major cryptocurrency has been on a rollercoaster ride in the past week, with the price soaring to an all-time high of nearly $100,000 on November 22, but falling below $93,000 in the following days. In the last few hours, it poured even more and is now at a multi-day low of $92,500.

It is interesting to note that the correction intensified on November 25, shortly after MicroStrategy announced the purchase of a whopping 55,500 BTC for an average price of just under $98,000. The stock is worth approximately $5.4 billion, marking a record for the company in its range of acquisitions.

Such mass purchases reduce the circulating supply of the leading digital asset and could lead to a price rally. That wasn’t the case this time, with BTC falling 4% since the disclosure.

Corrections, however, are an inevitable part of the market cycle. More recently, CryptoQuant analysts outlined some factors possibly contributing to the pullback, including short-term holders (STH) taking profits and increased fear of missing out (FOMO).

At the same time, on-chain metrics such as MVRV, NUPL, and Puell Multiple indicate that BTC remains “in a bull market with bullish potential.”

How is XRP?

Ripple’s native token has been one of the protagonists of the market in recent weeks, with its valuation representing a triple-digit rally. Last week, it hit a three-year high of $1.60, while it currently sits below $1.4.

XRP Price, Source: CoinGecko

Unsurprisingly, the massive resurgence has been followed by bullish predictions from pro-XRP analysts. User X CrediBULL Crypto recently assumed that the asset’s price could recover to $1.60 “as long as BTC doesn’t crash the party.”

Crypto Assets Guy and Crypto Bull were much more bullish. The former predicted a potential new all-time high of more than $4 by Christmas this year, while the latter set a staggering target of $30 by the end of January 2025.

Exploding to these dimensions would require XRP’s market cap to skyrocket to $1.6 trillion. The entire cryptocurrency industry is currently capitalized at approximately $3.4 trillion, which makes the forecast quite implausible.

Another SHIB Jump on the Way?

The second biggest meme coin has also been doing pretty well in recent weeks. In mid-November, it rose to a seven-month high before witnessing a correction alongside the broader market.

SHIB Price, Source: CoinGecko

X users Crypto King and Ali Martinez are among the bulls, who predict bigger bombs in the near future. The former claimed that Shiba Inu (SHIB) could follow the solid performance of Dogecoin (DOGE).

For his part, Martinez predicted a double-digit rally if the price breaks the $0.000025 resistance. SHIB was trading above the represented mark for several days before falling slightly below in the last few hours.

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