XRP’s Parabolic Uptrend, Congressman Buys Meme Coins, Fed Chair Powell Likens Bitcoin To Gold And More: This Week In Crypto

The past week was a rollercoaster ride in the cryptocurrency market. From XRP’s explosive gain to Shiba Inu’s burning spree, the crypto world was buzzing with activity. Let’s dive into the top stories that shaped the crypto market over the weekend.

XRP’s Parabolic Uptrend

Over the last weekend, XRP (CRYPTO: XRP) witnessed a significant rise. The uptrend was fueled by new ETF applications and increased whale activity. Noted investor Raoul Pal highlighted XRP’s “great-looking” chart, drawing parallels with a previous long wedge pattern that led to a whopping 5,600% rally. Pal coined the current phase as “Banana Zone Part 1.”

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Shiba Inu Burns 53 Million Coins

Shiba Inu (CRYPTO: SHIB) made headlines as it burned …

Full story available on Benzinga.com