Cryptocurrency Market Forecast for August 4 – XRP, Shiba Inu, Pepe

Is the original cryptocurrency Bitcoin preparing for a significant price surge? Three weeks ago, it achieved a new all-time high of $122,838, reigniting bullish enthusiasm among traders. Despite a subsequent decline of roughly 6.9%, market sentiment remains highly optimistic, with numerous analysts predicting another breakout as BTC continues to linger near its peak price range.

This remarkable increase has also revitalized a variety of major altcoins and some of the leading meme coins. Over the past year, cryptocurrencies such as XRP, TRON, Solana, Sui Network, Pepe, Trump, SPX6900, and FartCoin have reached new all-time highs, reflecting strong investor confidence in the overall market uptrend.

There are also indications that the U.S. government is poised to fulfill its promise to regulate cryptocurrency. At the end of last week, the SEC unveiled “Project Crypto,” a series of initiatives aimed at updating American securities laws to hopefully provide the industry with the clarity it has long sought.

As expectations grow for an extended bull run, focus is increasingly directed toward digital assets that may be on the verge of surpassing their previous highs.

Ripple (XRP): Cross-Border Payment Crypto Sees Notable Price Movement in 2025

Ripple’s XRP reached a new high on July 18, hitting $3.65, exceeding its prior 2018 peak of $3.40. Although it is currently trading around $2.99, this marks a 17.7% decline from its all-time high and includes a robust 5% increase in the last 24 hours, suggesting a healthy recovery phase.

Due to its rapid transaction speeds, minimal fees, and effective global remittance capabilities without intermediaries, XRP has become a favored choice for institutional use. It has even received backing from organizations like the United Nations, enhancing its credibility.

A significant turning point occurred in 2023 when a U.S. court determined that XRP’s retail sales did not qualify as securities, clarifying the regulatory landscape and fostering renewed investor confidence by 2025.

XRP has surged over 449% in the past year, significantly outperforming Bitcoin’s 88% increase during the same period.

From a technical perspective, momentum may be regaining strength as XRP’s relative strength index (RSI) is trending upward at 56, indicating more buying pressure than selling. This could suggest that bulls are positioning for a further increase, following a 35% rise in the last 30 days compared to Bitcoin’s modest 6% gain.

XRP diverged significantly from its 30-day moving average throughout July due to strong bullish activity. The two lines have now converged, and any downside risk appears limited, with solid support just below the previous resistance level of $3.

A bullish flag pattern that developed between late 2024 and April 2025 may indicate a potential move toward $4 in the upcoming months.

Shiba Inu ($SHIB): Dogecoin Competitor With Crypto Utility Aims for Potential 3X to 9X Price Increase

Launched in August 2020, Shiba Inu ($SHIB) has established itself as the second-largest meme coin, with a market capitalization exceeding $7.2 billion.

SHIB has experienced a slight increase overnight, gaining 0.4% in the last 24 hours, mirroring a 0.9% rise across the broader crypto market, which now holds a total value of $3.8 trillion. The token is currently trading near $0.00001225.

Technical chart patterns indicate that further upward movement may be forthcoming. Over the past year, SHIB has shown two strong bullish signals: a descending wedge from November to March and a bullish flag that has been forming since mid-May.

If SHIB can break through its primary resistance at $0.000022 amid overall market optimism, analysts believe it could surge toward $0.00003 before the end of summer. In a fully bullish environment, projections suggest a price range of $0.00006 to $0.00009 by year-end.

Unlike many meme tokens, SHIB provides real-world utility through Shibarium, its Layer-2 solution built on Ethereum that enhances scalability, reduces fees, and improves transaction speed.

Pepe ($PEPE): Viral Meme Coin and Renowned Crypto Frog Anticipates Price Recovery

Pepe ($PEPE), launched in April 2023, quickly rose to become one of the top three meme coins by market capitalization, driven by the cultural appeal of the internet-famous frog from Matt Furie’s artwork.

Its impressive rise has inspired many imitators, though none have matched its momentum. With a market cap of approximately $4.4 billion and even a brief appearance as Elon Musk’s profile picture on X, PEPE has established itself as a significant meme asset.

Currently priced around $0.00001045, it has increased by 7% in the last 30 days but remains 63% below its late-2024 all-time high of $0.00002803. A falling wedge pattern suggests a bullish reversal may be in the works.

The RSI has cooled to 38, indicating that recent selling pressure may be subsiding as the asset approaches the oversold level of 30. This could create an opportunity for a swift rebound by the weekend, offering an attractive entry point for bullish investors.

Overall, the total market capitalization of the meme coin sector has risen 5.6% overnight to reach $70.8 billion, and although Pepe has remained relatively stable in the last 24 hours, a sustained rebound in the meme coin market could encourage bulls to accumulate Pepe.

With favorable macroeconomic indicators and the potential for renewed market momentum, Pepe supporters are anticipating a possible price surge in late summer.

Snorter ($SNORT): High Demand in Presale for New Meme Coin with Integrated Trading Tools

For those looking for early exposure to the next significant meme coin breakout, Snorter ($SNORT) presents an appealing mix of humor and functionality. Built on the Solana blockchain, the project combines meme culture with practical crypto trading tools through a built-in bot.

The bot, available via Telegram, offers real-time market analytics directly in chat. With trading fees as low as 0.85%, Snorter competes with major platforms like Maestro and BonkBot, providing advanced features such as MEV-protected swaps, rug-pull detection, copy trading, and order sniping.

The presale has already secured over $2.7 million. Early investors can earn up to 157% APY through staking, and the token is currently priced below $0.1003, with incremental increases planned for each presale round.

Whether you are an experienced trader or simply curious about the meme coin landscape, Snorter offers a utility-focused, accessible entry point into the realm of crypto trading.

Stay updated with Snorter on X or Instagram.

Click Here to Participate in the Presale

The post Crypto Price Prediction Today 4 August – XRP, Shiba Inu, Pepe appeared first on Cryptonews.