What Does the Whale and Investor Analysis Show for SHIB and Ripple?

Shiba Inu (SHIB) holders are on the rise as the Shiba Eternity rating rises in the Play Store. TapJets briefed on amicus in favor of payments giant Ripple. Analysts are waiting for a drop below the $0.486 level, which is an invalidation for the bullish thesis in XRP.

SHIB holders soar on meme coin

Shiba Inu released the collectible card game worldwide on October 6th. Thus, the Shiba Inu has become one of the most popular meme coins. Recently added over 100,000 new SHIB holders. The game allows users to choose between 10,000 Shiboshi heroes and 500 collectible cards, among other things. Fans believe the popularity of Shiba Eternity will drive SHIB adoption.

Until September 6, the Shiba Eternity game was only available to iOS users. In the app store, the game managed to make a sound among Apple users. In a short time, Shiba Eternity entered the list of 20 most downloaded games on the App Store. Shiba Inu added at least 109,033 new holders in 2022.

Shiba Inu (SHIB) short term correction complete?

Analysts evaluated the SHIB price trend. They predict that the short-term correction of the meme coin is almost complete. Over the past thirty days, price action has remained within the range of $0.00000980 to $0.0001190. SHIB price bounce before the weekend confirmed the bottom of the range. It is possible that this is also the catalyst for an upward move in SHIB price towards the higher range.

SHIB price chart

Private Jet Charter company is out to support Ripple

cryptocoin.com TapJets, a private jet charter company and partner of the North American Blockchain Expo, has officially presented the amicus curiae briefing supporting Ripple’s summary decision motion. This has strengthened the payments giant’s side in its fight against the US regulator, the Securities and Exchange Commission (SEC).

TapJets has called to protect the use of XRP as a fiat alternative token. In its brief, the private jet firm states that XRP is a necessary alternative at a time when the traditional banking system is not operating effectively or is out of service on weekends.

Also, TapJets has started accepting XRP for private jet travel booking. It is possible for users to instantly book their trips via cryptocurrency payments. Users face unprecedented delays in the traditional banking system. That’s why they rely on cryptocurrencies as a fiat alternative to get their work done. TapJets supports the use of XRP as an alternative.

Whale movement and XRP price analysis

Whales carried 572 million XRP tokens on major cryptocurrency exchanges such as Binance, Coinbase, and Huobi, among others. This move of XRP marks an increase in selling pressure and a redistribution of exchange balances. Therefore, analysts see a possible drop below the $0.486 level for XRP. They also consider that the bullish thesis would be invalid in this case.