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Whale and Shark Accumulation Drives XRP Breakout To $1.26 The rally, driven by market fundamentals and holder action, shows how significant stakeholders strategically accumulate. Particularly, on-chain data demonstrates an interesting whale, shark, and retail wallet pattern. XRP reached $1.26 on Binance, a level not seen since November 11, 2021. XRP's three-year high comes during a cryptocurrency market rally, but its rise is connected to its main stakeholders' strategic movements and an expected US SEC leadership transition. Santiment, an on-chain analytics platform, credits big XRP holders, notably wallets holding 1 million to 100 million tokens, for this breakthrough. This holding cohort includes sharks and whales. Semi-large and big XRP holdings. XRP whale and shark wallets have amassed 453.3 million XRP tokens in the previous week, accounting for 18% of the entire supply. At the average XRP price, this accumulation is worth $526.3 million. Whale and shark wallets accumulate for a reason. Santiment discovered that large-scale market purchases usually indicate positive mood and precede persistent price rises. Whales and sharks have been buying XRP, while regular traders are selling. Over the previous week, wallets with fewer than 1 million XRP sold 75.7 million tokens worth $87.9 million, according to Santiment. Most of these offloadings have been taken by shark and whale wallets to mitigate the dumps' consequences. XRP has surpassed Dogecoin as the sixth-largest asset in market cap rankings due to its price spike. XRP is up 11% in 24 hours, while Dogecoin is down 7%. XRP is now trading at $1.06, down from its three-year high of $1.26. XRP remains optimistic if the sharks and whales can stay above $1. This will cause retail FUD and growth. #XRPPriceAction #NextMarketMoves #DEXXBreach $XRP
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Is the Shiba Inu Stock Going to Drop a Zero in the Face of the Uncommon Golden Cross Pattern? Shiba Inu (SHIB) is capturing attention in the market as it surged 30% in the last week, and it is now trading at $0.000022. The emergence of a unique golden cross pattern has sparked enthusiasm and pointed to a promising future, which has led to this spike. This new information has piqued the curiosity of investors, who may soon be able to remove a zero from the price of SHIB. Will SHIB be able to keep this momentum going? Can SHIB Remove a Zero off a Golden Cross? Technically speaking, a bullish indicator called the golden cross pattern is formed when the 50-day moving average crosses the 200-day moving average. There have been sharper spikes after the appearance of this pattern on SHIB's chart in the past. After SHIB's previous big golden cross in late 2023, the price surged by over 400% in a few of months, setting the ground for another powerful rally. At the moment, it seems like this trend is being repeated by SHIB's chart. When the 50-day moving average crosses over the 200-day, it might signal a potential breakout. This warning follows the recent 18% surge in SHIB's price, which increased it from $0.0000209 to $0.000022 in a single day. These developments encourage investors and indicate that SHIB may soon lose nothing, if the current trend continues. Adding to its current trajectory, SHIB's burn rate has lately surged by 3,674%. The higher the burn rate, the fewer tokens there are in circulation, which might lead to a price increase due to increased scarcity. There has been a considerable uptick in whale activity, as major investors have shown increased interest in SHIB, suggesting a growing conviction in its potential for upside. #NextMarketMoves #SHIB $SHIB
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