- Ripple’s XRP, Shiba Inu, and TRUMP have emerged as the key players that analysts are eagerly watching over the weekend.
- With the possibility of significant regulatory changes for XRP, a new partnership for SHIB, and the potential for TRUMP’s market recovery, the performance of these assets could present valuable market opportunities.
The cryptocurrency market has seen unexpected volatility throughout the week, putting several altcoins in the spotlight. Despite ongoing bearish signals, Bitcoin (BTC) has proven its resilience by maintaining a position near $105K, a sign of stability in the broader market. Nonetheless, traders remain vigilant about potential price swings that might impact other digital assets.
This weekend, three cryptocurrencies stand out as key assets to watch due to recent developments and market trends: Ripple (XRP), Shiba Inu (SHIB), and TRUMP.
1. Ripple: A Potential ETF Catalyst
XRP is gaining attention as it awaits regulatory approval for an exchange-traded fund (ETF). Following the SEC’s approval of Bitcoin and Ethereum ETFs in 2024, a potential XRP ETF could spark a surge in investor sentiment. CoinShares has already filed for an XRP ETF, joining major asset managers like Bitwise, ProShares, WisdomTree, and REX Shares, all looking to capitalize on the growing demand for crypto-related ETFs.
Adding to the optimism, Trump’s administration has taken a more pro-crypto stance, contrasting with the stringent regulations under Joe Biden and SEC Chair Gary Gensler. With Brad Garlinghouse, Ripple’s CEO, raising the notion of a multichain stockpile, XRP could be included in the U.S. national stockpile, a move that could significantly boost its value.
XRP experienced a notable surge of 30% in January and is now trading at $3.09, just 8% shy of its all-time high of $3.40. With these factors aligning, XRP could be poised for another major rally in the coming days.
2. SHIB: Strong Investor Interest Despite Price Dip
Shiba Inu remains one of the most-watched meme coins, and a recent mystery partnership announcement from its lead developer, Shytoshi Kusama, could be a catalyst for price movement this weekend. While details are scarce, the announcement has fueled speculation of a major upgrade or a collaboration that could drive demand for the token.
Additionally, SHIB’s trading activity has been surging, with over 18 trillion tokens committed in open interest, indicating increased investor confidence. CoinGlass data shows that SHIB’s open interest value has climbed to approximately $334.44 million, suggesting that large investors are still betting on the token’s potential.
Despite an 18.48% drop in trading volume, settling at $276.89 million, SHIB remains a strong contender for a potential rebound. The token is currently trading at $0.0000194, and any positive developments from Kusama’s announcement could trigger a rally over the weekend.
3. TRUMP: Will the Official Trump Coin Recover?
TRUMP, launched by U.S. President Donald Trump ahead of his January 20 inauguration, has experienced sharp volatility since its debut. After an explosive start, TRUMP’s market cap soared to $14.5 billion in just 36 hours, surpassing major tokens like SHIB. However, the meme coin now sits at a market cap of $5 billion, reflecting a significant decline from its initial peak.
Despite being listed on major exchanges like Robinhood, Binance, and Coinbase, its trading volume has declined, and the token is now trading at $26.41, down significantly from its all-time high of $75 on January 19.
With GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com now accepting TRUMP as a payment method, there is growing speculation that the token could regain momentum. Despite recent declines, the president’s bullish stance on crypto continues to fuel optimism.
