Crypto News Digest from U.Today

U.Today has compiled the three most important news stories of the past day.

Peter Brandt’s new XRP price prediction points to an incredible all-time high

XRP has been active since the beginning of the week steal the spotlight of Bitcoin with its remarkable achievements; The price of the Ripple-linked token surpassed $2.50 and its market cap is now at a staggering $156.63 billion. This surge has made XRP one of the top three digital assets, behind only Bitcoin and Ethereum and ahead of Solana and USDT. Many market participants were surprised by this development and are now considering various predictions for the future price development of XRP. Amid this maelstrom of intense enthusiasm, renowned trader Peter Brandt, who had previously been skeptical of XRP, recently issued a bullish price outlook. He shared a price chart for XRP, highlighting the recent breakout above dynamic resistance at $0.92. Looking at Brandt’s chart, we can assume that the trader expects that this breakout could cause the price of XRP to rise to as high as $24 per token. However, this forecast raises questions about XRP’s viability as its market cap would need to reach nearly $1.37 trillion.

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Shiba Inu (SHIB) Loses 13% in 24 Hours: What Happens?

Learn about Shiba Inu a notable decline of 13% on Sunday, following an earlier rally that took the price to $0.000033. SHIB then fell back to the $0.000029 level, where it is currently trading. However, the recent downturn makes it difficult to determine whether this rally was sustainable or the result of overbought conditions. Despite the decline, 73% of SHIB holders are still generating profits, reflecting continued investor confidence supported by strong on-chain activity. Additionally, the rally and subsequent sell-off appear to have been heavily influenced by large holders, with significant trading volumes reported over the past few days. Going forward, the $0.000027 area serves as a critical support level. Should SHIB manage to maintain this level, a recovery could be in sight due to increased interest from both institutional and retail investors. To sustain its uptrend, SHIB needs to overcome resistance at $0.000033 and $0.000036.

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“Rich Dad Poor Dad” predicts Bitcoin could “crash” to $60,000

Robert Kiyosaki, author of the bestselling personal finance book “Rich Dad Poor Dad,” shared one X contributionand warned his followers about it Bitcoin price could “crash” to just $60,000. Kiyosaki wrote that the flagship cryptocurrency is hovering close to the coveted $100,000 mark; However, he remains unfazed by the possibility of a significant correction. “If that happens, I won’t sell. BTC is sold. I will buy more,” the author wrote. At the time of writing, Bitcoin is changing hands at $94,121, down 1.76% in the last 24 hours, according to CoinMarkerCap. Additionally, Kiyosaki has expressed interest in accumulating more BTC, emphasizing that the amount of Bitcoin he holds is more important than the current price, especially in light of a forecast by 2025 it could be $500,000.