NAIROBI (CoinChapter.com) — XRP, Chainlink (LINK), and Shiba Inu (SHIB) have displayed varied performances in recent sessions, with each asset seeing unique market drivers. While XRP and LINK show resilience amid accumulation trends and bullish technicals, SHIB struggles with a downturn despite sporadic whale interest.
XRP Jumps 18% as Ripple Expands in the U.S.
XRP surged 18.5% from its Jan. 27 low of $2.66 to a high of $3.20 before settling at $3.12, up 0.51% in the past 24 hours.
Ripple secured Money Transmitter Licenses (MTLs) in New York and Texas, allowing it to offer banking services in some of the strictest regulatory environments. With 55 MTLs in total, Ripple is aggressively expanding in the U.S. as regulatory conditions shift under Donald Trump’s administration.
Whales accumulate 120M XRP amid price dip. Source: Ali MartinezOn-chain data supports the bullish outlook, with XRP whales accumulating large amounts. Ali Martinez reported that whales holding between 100 million and 1 billion XRP added 120 million tokens worth nearly $380 million.
XRP/USD 1-day price chart. Source: TradingView
Additionally, the Chaikin Money Flow (CMF) indicator climbed to 0.19 from 0.08 in a single day, highlighting increased capital inflows and growing investor confidence.
XRP 4h Chart EGRAG Crypto. Source: XTechnical analysts, including EGRAG CRYPTO, suggest that XRP has entered a short-term bullish trend. The asset remains above its 21-period exponential moving average, and the $3 level now acts as a key support zone.
Chainlink Eyes Bullish Breakout Despite Consolidation
LINK has remained resilient, holding above $24 while showing strong on-chain activity. The Chainlink network has witnessed a threefold surge in transaction volumes, rising from $84.44 million on Jan. 25 to $222.9 million on Jan. 27.
Large crypto transactions hit $222.9M in 24H. Source: IntoTheBlock
Daily active addresses on the network have also rebounded from 3.91K to 5.31K, with new addresses climbing from 1.38K to 1.78K. This uptick in network activity supports LINK’s bullish momentum, as a strong network base often precedes price recoveries.
Daily active addresses drop 21.27% in 7 days. Source: IntoTheBlockAnalysts remain optimistic about LINK’s potential breakout. The token has been consolidating below the $28 resistance level for nearly two weeks, forming an accumulation zone.
Chainlink ($LINK) targets $39.48 after breakout. Source: XRose Premium suggests that if LINK holds above $26.62, it could rally to $31.13. Meanwhile, a drop to the $18-$20 range could provide a strong buying opportunity before another bullish run.
Chainlink ($LINK) eyes $50 amid bullish breakout. Source: Ali Martinez/XAli Martinez has set a price target of $50 for LINK, citing its strong fundamentals and market structure. Chainlink’s role in the Real-World Assets (RWA) sector and its widespread adoption in decentralized finance (DeFi) enhance its long-term prospects.
SHIB Whales Are Buying, But Can It Hit $0.001?
SHIB has been bleeding, down 5.4% this year and 12.01% in the past week. The token now trades at $0.00002008, with nearly half (47.6%) of holders in the red.
Whale accumulates 257.5B SHIB after market dip. Source: LookonchainDespite the downturn, whales continue accumulating SHIB, hinting at a potential rebound. LookOnChain reported that a major whale purchased 257.5 billion SHIB coins worth $4.6 million, bringing their total holdings to 477.5 billion SHIB valued at nearly $9 million.
Shiba Inu Exchange Reserves. Source: CryptoQuant
Additionally, SHIB balances on exchanges have fallen from 98 trillion in April 2023 to 86.22 trillion, indicating a possible shift towards long-term holding. Historically, SHIB price rallies have coincided with declining exchange balances and increased whale activity.
Crypto Sheriff believes SHIB could hit $0.001, citing a breakout in its 4-hour timeframe. LuckSide points to whale activity and declining retail interest as bullish signs.
Meanwhile, Del Crxpto and SHIB marketing lead Lucie claim SHIB could eventually reach $0.01, but that would require a 49,700% surge, pushing its market cap to $5.89 trillion—highly unlikely.
SHIB/USD 1-day price chart. Source: TradingViewOn the technical side, SHIB is stuck in a descending triangle, struggling to break resistance at $0.00002000. If bulls push past this level, targets lie at $0.00002769 and $0.00003329. However, failure could see SHIB drop to $0.00001500. The Chaikin Money Flow (CMF) at -0.07 shows weak buying pressure, meaning a breakout isn’t guaranteed.
Conclusion
XRP, LINK, and SHIB present contrasting market trajectories. XRP’s bullish run stems from regulatory strides and increased whale accumulation, while LINK benefits from heightened network activity and technical strength. SHIB, despite its struggles, continues to attract whale interest, hinting at a potential turnaround.
The post XRP Soars, LINK Eyes $50, SHIB Whales Bet Big—What’s Next? appeared first on Coinchapter.
