Why are Shiba Inu, XRP, Ethereum, and Cardano Rising Today?

16 Jul, 2025 Updated 16 Jul, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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XRP, SHIB, HBAR Among 15 to Get Faster Crypto ETF Approval Under SEC's New Rule

Highlights

Altcoins like Shiba Inu, XRP, Ethereum, and Cardano are rallying as investors’ sentiments turn to greed.
Ethereum and Shiba Inu lead with over 6% gain due to a breakout from key resistance.
Capital rotation and Altcoin season hype are fueling the altcoins’ performance.

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Shiba Inu, Ethereum, XRP, Cardano, and a few other altcoins are defying the crypto market today with price rallies. As Bitcoin entered a momentary consolidation phase amid the release of US CPI and PPI data, altcoins like these flourished today. Notably, there’s more to their surge, including key developments and returning hype.

Shiba Inu, XRP, Ethereum, and Cardano Price Recover

After a momentary hiccup, the crypto market is flourishing today, and so is the prominent altcoin. Interestingly, Ethereum is surpassing Bitcoin in terms of gains, with a 6.24% rally, whereas the BTC price is just 1.5%.

In technical terms, it is part of the capital rotation, where capital is flowing from BTC to other digital assets, followed by the all-time high. With a 2.3% rally, XRP is trading at $2.96 with $175.07 in market capitalization, but still fails to attain the $3 milestone.

In the same trajectory, Shiba Inu, the famous meme coin, is also riding with bulls, with the price surging 6.25%, currently trading at $0.00001381 with $8.14 billion in market capitalization. In addition, Cardano is also attempting recovery with a 3.18% rally, with $26.66B in market capitalization, per CoinMarketCap.

: Source: CoinMarketCap, Crypto Market Heatmap

With this recovery, the crypto market’s capitalization has surged 2.3%, currently at $3.76 trillion.

Why are These Altcoins Flourishing Today?

ETH’s successful breakout past the $3,000 mark has acted as the primary catalyst for the altcoins’ surge today. Despite the token carrying high popularity and demand, its performance remained limited until today, and the breakout fueled the investors’ trading sentiments.

Ethereum’s chart is screaming breakout

Triple RSI bounce. Macro channel intact.
Price has been coiling for months.

When $ETH explodes from here…

$5,000 is just the warm-up. pic.twitter.com/PvGimJhMRG

— Merlijn The Trader (@MerlijnTrader) July 15, 2025

Besides the high ETH ETF inflows and BitMine Immersion Technologies raising $250M in for the Ethereum treasury, has fueled the demand.

XRP’s surge is driven by Ripple Payments’ partnership with Dubai and the ongoing Crypto Week hype. However, the surge in Shiba Inu is all about the hype of the meme coin, especially on the revelation of one wallet holding 41% of the total supply.

Besides, the altcoin season index has witnessed a 45% surge in the last few days, with declining Bitcoin dominance and investors’ optimistic sentiments. Presently, it is at 35%, far from the altcoin season beginning, but the surge is enough to boost altcoins like Shiba, XRP, Ethereum, and others.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. What’s driving Ethereum’s performance today?

Ethereum’s breakout from the $3,000 resistance, ETF inflows, and the formation of an Ethereum treasury are driving its performance.

2. Why is XRP bullish today?

XRP is bullish mainly because of Ripple’s partnership with Dubai and the Crypto Week discussion.

3. Is altcoin season beginning?

Altcoin Season index has surged and Bitcoin dominance declined, but the altcoin season is still far from beginning.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.