According to U.Today, the top three news stories over the past day include significant developments for XRP, Shiba Inu, and Cardano. Here's a detailed look at each of these updates.

XRP Price Surge Predicted by Bollinger Bands

A recent analysis of the XRP price chart suggests that the Ripple-affiliated token could be on the verge of a significant price surge. The Bollinger Bands, a technical indicator created by trader John Bollinger, are currently experiencing a notable narrowing. This narrowing often signifies a period of low volatility that precedes major price movements. Historical data shows that similar narrowing occurred in 2017, leading to a 55,000% increase in XRP's value, peaking at $3.30 per token by early 2018. Another narrowing in late 2020 saw XRP reach nearly $2 per token by April 2021. The ongoing narrowing, which began in November 2022, suggests a potential increase in XRP's value in the near future.

Major Shiba Inu Update Teased by SHIB Team Member

In a recent post on X, Lucie, the marketing lead for Shiba Inu, shared details about a major product that the SHIB development team plans to launch on Shibarium soon. Lucie described the Shib ecosystem as a hub for innovation driven by blockchain technology and a dedicated community. At the core of this hub will be the SHIB Marketplace, a decentralized platform designed to democratize power among its users rather than centralized corporations. Key features of the new SHIB product include financial autonomy, where smart contracts eliminate intermediaries, and active participation, allowing users to shape the marketplace. However, Lucie did not provide a launch date for the SHIB Marketplace.

Ultra-Bullish Cardano Price Pattern Observed

Cardano has recently caught the attention of market observers by forming an interesting pattern on its price chart. ADA has reached a crucial price level of $0.35, which has consistently served as a pivotal support or resistance point. Last week, ADA's price held firm at this level after a 12% plunge, and the weekly candle closed above this mark. This stability sparked a 15.3% increase in ADA's price over the next four days, despite relatively low trading volumes. This pattern suggests a potential ultra-bullish trend for Cardano that has largely gone unnoticed. As ADA maintains its stability at this critical support level and begins to rise, it may attract more investor interest.