Preheat your oven to 350°F (175°C).
In a large mixing bowl, combine the softened cream cheese and sour cream until smooth.
Stir in the shredded cheddar cheese, chopped shrimp, green onions, mayonnaise, Worcestershire sauce, hot sauce, garlic powder, onion powder, smoked paprika, salt, and pepper. Mix until all ingredients are well incorporated.
Transfer the mixture to a baking dish and spread it evenly.
Bake in the preheated oven for 20-25 minutes, or until the dip is hot and bubbly.
Remove from the oven and let it cool slightly before serving.