Shiba Inu Flies Higher In Tandem With Dogecoin As Crypto Sector Reacts To XRP Judgement: A Technical Analysis
Portfolio Pulse from Melanie Schaffer
Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) both saw over 6% increases during Thursday's 24-hour trading session, following a US judge's ruling that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts. Shiba Inu's uptrend was confirmed when it surpassed the July 9 lower high of $0.00000781. The crypto's move higher was on higher-than-average volume, suggesting increased interest.
July 13, 2023 | 9:13 pm
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POSITIVE IMPACT
Dogecoin's price increased over 6% following the US judge's ruling on XRP.
The news of the US judge's ruling on XRP has had a positive impact on the crypto market, including Dogecoin. The crypto's price increase suggests a bullish outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu's price increased over 6% and confirmed a new uptrend, suggesting increased interest from investors.
The news of the US judge's ruling on XRP has had a positive impact on the crypto market, including Shiba Inu. The crypto's price increase and confirmed uptrend suggest a bullish outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
A US judge ruled that Ripple's sales of the XRP token do not constitute an offer of investment contracts, which has had a positive impact on the crypto market.
The US judge's ruling that Ripple's sales of the XRP token do not constitute an offer of investment contracts has had a positive impact on the crypto market, including XRP itself. This suggests a bullish outlook for XRP.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100