Crypto

Shiba Inu may end long decline, analyst says next is \'rocket phase\'

Shiba Inu has broken above a long-term downtrend line and may be entering a new uptrend, an analysis said. Crypto analyst Crypto Sheriff said the token has moved from a decline and consolidation into a recovery phase and could shift into a “rocket phase” later. Shiba Inu is trading around $0.0000053 after briefly topping $0.0000061. The analyst did not give a price target and said the recent pullback does not invalidate the recovery scenario.

Crypto

XRP spot ETF net inflows top $100 million in August, raising chance of monthly record

XRP spot exchange-traded funds recorded a net inflow of $28.14 million in a single day, the second-largest daily inflow this year. Demand for spot ETFs remained strong even as XRP’s price underwent a correction. Over five straight trading days, net inflows totaled $97.45 million. August net inflows reached $108.87 million, narrowing the gap with May’s monthly record of $131.94 million to $23.07 million.