Morning Crypto Buzz: XRP, Dogecoin, and Shiba Inu Set for Volatile Week

Published 1 month ago2 minute read
David Isong
David Isong
Morning Crypto Buzz: XRP, Dogecoin, and Shiba Inu Set for Volatile Week

The cryptocurrency market is bracing for a high-stakes week, with major altcoins like XRP, Dogecoin, and Shiba Inu showing unusual activity.

XRP has entered an “extreme calm” phase, as indicated by Bollinger Bands, with a record-low 8% gap on the daily chart, signaling an imminent “big bang” move.

Historically, similar compression in 2024 preceded a 611% surge, pushing XRP from $0.5 to $3.4 by January 2025. Analysts note that a break above $1.60 could trigger a long-term rally, while falling below $1.32 may test a critical support zone.

Dogecoin (DOGE) is showing anomalous growth, with daily active addresses rising by 176% in just seven days, according to Santiment, a crypto analytics platform.

This spike coincides with speculation around Elon Musk’s “X Money” payment system, though integration with DOGE remains unconfirmed. The token is consolidating within an important accumulation zone, reminiscent of its pre-2024 rally period.

Shiba Inu (SHIB) also saw major movement, with Bitget releasing 63.772 billion SHIB ($372,000 equivalent) from cold storage to meet rising buyer demand.

Such outflows indicate robust purchasing interest, with SHIB ending the week up over 10%, though a correction toward $0.00000569 could occur if support levels are tested.

The broader market faces a packed economic schedule. Monday will feature updates on Michael Saylor’s latest Bitcoin acquisition strategy, particularly the new STRC shares aimed at BTC purchases.

Wednesday brings the U.S. Federal Reserve’s FOMC interest rate decision alongside PPI data, while Thursday sees rate decisions from Japan and Europe.

The week concludes with Friday’s OPEX meeting and expiration of U.S. market volatility options, critical events for crypto and traditional markets alike.

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