#XRPETF faces critical obstacles in the form of SHIB price resistance levels. According to data from IntoTheBlock, more than 22.7 trillion SHIB tokens are concentrated between the price range of $0.00001293 and $0.000015. These tokens are held across approximately 49,000 accounts, most of which are currently “out of the money.” Many holders will likely be sitting and waiting for the opportunity to sell if they can get their investment back to breakeven, creating a huge potential sell wall. For Shiba Inu’s rally to continue it has to break this zone with buying pressure. If it cannot do this, we may be look at a price retracement similar to other rally attempts. It is very important to know these key SHIB price resistance levels for anyone tracking the price of Shiba Inu
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