XRP Breaks into Top 3, Shiba Inu Soars: Market Gains Fuel Altcoin Rally

In a market surge driven by key technical developments and increased investor confidence, XRP has officially broken into the top three cryptocurrencies based on market capitalization, surpassing Tether. This milestone is attributed to surging demand, reflected in high trading volume and the successful breakout of a descending wedge pattern. XRP’s bullish momentum is further reinforced by strong technical indicators, such as its position above key moving averages (50 and 100 EMA) and positive RSI readings. The market trend appears to be fueled by institutional accumulation, driven by increasing transaction volume and active whale activity on-chain metrics. Beyond this major cap milestone, XRP’s potential for growth is being propelled by the wider adoption of its technology for international payments. Meanwhile, Shiba Inu (SHIB) has emerged as a surprise leader in the current cryptocurrency cycle, experiencing a bullish crossover between key exponential moving averages that spurred significant price gains. Despite a recent correction, SHIB continues to demonstrate strong buying pressure and reassert itself above resistance levels. While Ethereum’s market dominance is also waning slightly, it remains strong overall and has demonstrated consistent upward momentum, as evidenced by its decisive breakout above the 200 EMA. As this bullish trend persists, ETH’s price action shows sustained volume and high potential for further gains.