Meme Coin SHIB Defies Expectations, XRP Faces Grim Outlook

Shiba Inu (SHIB) has successfully navigated October, avoiding the addition of a new zero to its price and maintaining a crucial support level above $0.00001. This performance has fueled optimism among meme coin traders, who are now looking towards a potential rally in November, anticipating that the month will not bring significant price depreciation.

Meanwhile, XRP has experienced a significant technical setback, printing a rare 'death cross' against Bitcoin on the daily timeframe. This bearish indicator, historically associated with erasing previous rallies, is now threatening to undermine XRP's once-realistic $2.5 price target, potentially turning it into a distant memory for investors. This grim signal highlights a challenging period for XRP relative to the broader crypto market benchmark, Bitcoin.