This summary text is fully AI-generated and may therefore contain errors or be incomplete.
BitTrade, a Japan-based exchange, has added SHIB and XRP to its lending program. Following this announcement, the prices of both tokens experienced a significant increase, with SHIB jumping 6% and XRP rising by 7.5%. The loan period for both tokens is set at 90 days with an annual interest rate of 2%. The borrowing amount for XRP ranges from 100 to 500,000 XRP, while for Shiba Inu, it starts at 10 million SHIB and goes up to 10 billion SHIB. Prior to the listing of SHIB and XRP, BitTrade had already allowed deposits and withdrawals in Dogecoin (DOGE) and Shiba Inu, expanding the total number of cryptocurrencies available on the platform to 34. Despite the listing, the network activity for both XRP and SHIB did not see a significant increase in active addresses. XRP traded at $0.62, surpassing its 20-day exponential moving average, and if the bullish sentiment continues, it could aim for the next resistance at $0.64. On the other hand, SHIB’s price increased by 6% to $0.0000082, reaching a critical resistance level in line with the 20-day EMA. However, it remains uncertain whether the token can overcome this resistance. Additionally, on-chain metrics for both XRP and SHIB do not indicate a bullish continuation, as the number of active addresses did not see a significant change. Furthermore, large SHIB holders have been selling off their coins, suggesting bearish expectations.