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XRP's Global Pay Integration Sparks Crypto Buzz, Shiba Inu Targets 32% Surge Amid Bitcoin Options Frenzy

Published 15 hours ago4 minute read
David Isong
David Isong
XRP's Global Pay Integration Sparks Crypto Buzz, Shiba Inu Targets 32% Surge Amid Bitcoin Options Frenzy

The cryptocurrency market is experiencing a calmer tone heading into Friday, albeit with thin liquidity due to the U.S. holiday schedule. This calm is set against the backdrop of a holiday weekend and a significant options expiry for both Bitcoin (BTC) and Ethereum (ETH), creating underlying pressure. Notably, XRP is expanding its reach through the rollout of Apple Pay and Google Pay integration, while Shiba Inu (SHIB) is entering a potentially promising chart zone. Bitcoin's options board, in particular, showcases one of the month's largest setups.

A major development for XRP is its newfound access to Apple Pay and Google Pay in over 40 countries, facilitated by Trust Wallet. This integration allows for instant crypto purchases, establishing a direct entry channel for XRP in key markets including the U.S., Brazil, France, Germany, the U.K., Canada, UAE, Australia, Japan, Singapore, Argentina, Mexico, Spain, and Italy, among others. At launch, the supported cryptocurrencies include BTC, ETH, BNB, SOL, XRP, USDC, and USDT, with users able to pay in USD or EUR. This update is more than just an infrastructure enhancement; it embeds XRP into massive global mobile payment ecosystems, simplifying user onboarding, widening its reach, and streamlining retail demand. While XRP's intraday price currently hovers around $2.19-$2.22 without an immediate clean push, the market has clearly acknowledged the headline. Such integrations often lead to sustained growth over time, especially when they expand direct access to millions of users simultaneously. Despite the ongoing ETF discussions, this payment integration stands out as one of the most meaningful updates for XRP this month.

Shiba Inu (SHIB) has been in a stagnant phase for weeks, but recent chart movements suggest a shift in momentum. SHIB is currently testing its 23-day moving average on the daily frame. A decisive close above this line could pave the way towards its 50-day and 200-day moving averages. The 200-day MA is positioned at approximately $0.00001192, representing a potential 32% increase from its current price range of $0.00000888-$0.00000894. This bounce from recent lows appears more structured than previous attempts, supported by Bitcoin's recovery from the mid-$80,000s and a more consistent flow into altcoins. If SHIB successfully clears the 23-day MA, its chart alone could signal a clear path to the 200-day level. However, given the nature of meme coins, the situation remains mixed; a rejection at the short-term averages could see SHIB revert to its recent cycling range. Today's close is particularly significant as the next trading day after the weekend marks the first Monday of the month, a period often associated with strong directional moves.

Bitcoin faces a monumental day with options totaling $13.1 billion in notional value set to expire. Several pressure points converge on this Friday: CME (Chicago Mercantile Exchange) has experienced an extended downtime, impacting futures and options, which are critical for hedging across funds and market-makers. This disrupts a main anchor for market pricing. Additionally, the U.S. market is operating on a shortened trading day due to holiday hours, limiting the time for large players to rebalance around expiry. The combination of the weekend and the upcoming month-open Monday further adds to the complexity, as Mondays often bring strong directional moves, especially following heavy expiries. BTC is trading around $91,200-$91,300 after a rebound from the mid-$86,000s, showing stability. However, expiry setups can override clean chart signals, particularly when liquidity is thin and a major derivatives venue is offline. The key question for traders is whether the market will drift towards the $100,000 max-pain mark or if thin trading will pull BTC into a flat weekend close, with both scenarios currently plausible.

Overall, the crypto market maintains a quieter tone heading into the weekend, but vigilance remains high due to the confluence of options expiry, CME downtime, and reduced U.S. trading hours contributing to potential instability. While weekend ranges typically remain narrow without significant catalysts, Monday's month-open will add considerable weight to whatever market conditions prevail at today's close. Key levels to monitor include Bitcoin (BTC) at $89,500 support, $95,500 pivot, and the $100,000 max-pain level; XRP around $2.19-$2.22, with its new payment rails expanding reach; and Shiba Inu (SHIB) at $0.00000894, where the 23-day MA acts as a crucial breakout trigger. The market's direction into December will largely be decided by how today's events conclude.

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