Today's news covers XRP's potential breakout to new highs, former SEC Chair Gary Gensler's return to academia, and active movements in Shiba Inu tokens.
XRP on the Verge of New Heights
XRP is showing signs of a potential breakout as its price recently crossed the median of the Bollinger Bands at $3.067 on the daily timeframe. This movement suggests a possible test of the upper Bollinger Band at $3.53, surpassing the previous peak of $3.40 set on January 16. If XRP maintains its position, it may indicate a continuation of the bullish trend, though there remains a risk of a pullback towards the lower Bollinger Band at $2.42. The coming days will be crucial in determining XRP's further price movements.
Gensler's New Role After SEC
According to Fox Business journalist Eleanor Terret, former SEC Chair Gary Gensler has returned to the Sloan School of Management at MIT as a professor of practice. His work will involve teaching and researching financial technology and artificial intelligence. Despite expectations of a more lenient approach to cryptocurrencies, Gensler's tenure at the SEC was marked by strong regulatory enforcement, including lawsuits against major crypto firms such as Coinbase.
Shiba Inu Activity and Potential Price Surge
Shiba Inu has registered significant trading activity over the past 24 hours, with CoinGlass reporting over 18 trillion tokens in open interest, reflecting strong investor confidence in a potential price surge. At the time of writing, SHIB is trading at $0.00001892, a 4% increase, but still below the important $0.000020 level. The highest activity was recorded on Gate.io, accounting for 81.03% of the total volume, with Bitget and OKX following behind. Analysts associate this growth with a hinted major partnership by Shytoshi Kusama.
The current events in the cryptocurrency markets continue to captivate attention, drawing investors and analysts to key assets and figures like XRP, Gensler, and Shiba Inu.
