XRP, Pi Coin, SHIB Price Prediction ( November 4 ): XRP aims for a new high, PI is expected to challenge 2 dollars.

Today, the crypto market fell by about 3.5% due to large-scale capital outflows caused by the ETF, which is unfavorable for the price predictions of XRP, PI Coin (PI), and Shiba Inu (SHIB). However, the severe setbacks these three tokens experienced in the past 24 hours have pushed them into a deeper oversold area, with technical indicators suggesting a strong rebound may be imminent. Additionally, the market is closely following other potential tokens that may be listed on mainstream exchanges soon.

Technical Analysis Under Market Widespread Fall: Positive Significance of Oversold Signals

Despite today's outflow of funds from the ETF impacting market sentiment and putting pressure on the prices of mainstream altcoins like XRP, PI, and SHIB, the oversold condition captured by technical indicators provides a positive expectation for the upcoming price trend.

• Overall market correction: The market has fallen by 3.5% in the past 24 hours, reflecting the pressure of short-term capital outflows. However, this degree of decline is often a process of washing out floating capital for highly volatile cryptocurrencies.
• Consensus in the Oversold Area: These three Tokens have shown significant fall in key time frames. Technical analysis suggests that when assets enter the Oversold area, the probability of a technical correction or strong Rebound significantly increases.

XRP Price Prediction: ETF Gearing Up, Aiming for Historical Highs?

(Source: TradingView)

XRP has fallen by 5% in the past 24 hours, currently priced at approximately 2.40, with a weekly decline of 8% and a monthly decline of 20%. Despite short-term pressure, its annual increase still reaches 375%, demonstrating a strong momentum base in the medium to long term.

• Expected demand driven by ETFs: The market is patiently waiting for the official launch of multiple XRP ETFs, with critics predicting that these products will go live in the coming weeks. Once launched, they will greatly stimulate demand for XRP, potentially leading to a price surge.
• Technical patterns and short-term goals: The chart for XRP shows that it is in an Oversold state, indicating that the launch of the ETF could serve as a strong catalyst for its positive correction. The RSI and MACD indicators have been in negative territory since August, suggesting that this coin is in urgent need of a growth.
• Price Target: The bullish flag pattern currently being traded by XRP suggests the potential to reach $3 by the end of this month, and with the continued development of Ripple, it is expected to touch the $4 mark before the end of the year.

Pi Network (PI) Price: The mainnet migration progress injects confidence into the recovery.

Pi Coin (PI) is currently priced at approximately 0.2397, with a daily fall of 3% and a weekly fall of 11%. However, over the past half month, it has achieved a 15% increase, mainly due to the positive updates related to the mainnet migration.

• Data migration support: The Pi Network team announced that as of the end of last month, 2.69 million “pioneers” have completed the mainnet migration, and another 3.36 million have completed the necessary KYC verification. This data alleviates some concerns in the market regarding the slow progress of the migration.
• Short-term technical rebound: The chart of PI has shown some bullish recovery signs, with the RSI successfully rising above 50 in the past week. However, whether it can maintain momentum remains in question, but the optimism that the launch of the altcoin ETF may bring could have a positive impact on its price.
• Long-term challenges and listing expectations: In the long run, Pi Network still faces general skepticism from the community, especially since it has not yet been listed on mainstream CEXes. If it can land on these platforms in the future, it is expected to rapidly drive the price up to whole numbers, potentially reaching 1 dollar in December, with optimistic scenarios possibly approaching 2 dollars.

Shiba Inu (SHIB) Price Outlook: Meme coin rebound potential and fundamental challenges

Shiba Inu (SHIB) is also performing poorly, currently priced at 0.000009564, down 5% in the past 24 hours, with a monthly fall of 23% and an annual fall of 44%, far worse than most of the top 50 market cap Tokens.

• Insufficient institutional attention: Unlike Dogecoin, SHIB currently has no ETF waiting to be launched, which deprives it of an important source of demand and momentum. This may explain why whales and traders are more inclined towards new meme tokens.
• Mild growth forecast after being Oversold: Although the technical indicators are at low levels, indicating strong Rebound potential, SHIB currently lacks strong fundamentals to support a sustained recovery. Despite the launch of the Shibarium Layer 2 network, market response has been tepid.
• Price Target: It is expected that by December, the price of SHIB may reach 0.000020 and is likely to stabilize around 0.000040 at the beginning of the new year, with a relatively moderate increase.

Conclusion

Today's market correction provides potential entry points for investors focusing on deep value and technical oversold conditions. XRP benefits from ETF expectations and positive company developments, with the rebound potential being the most favored; Pi Coin needs to pay attention to the effectiveness of the mainnet migration; while Shiba Inu must wait for new narratives or stronger market sentiment to break free from its sluggish annual performance.

Disclaimer: This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.