XRP Surges to New High Amid Regulatory Ease; SHIB Faces Bearish Trend

Shiba Inu's Recent Performance and Expert Recommendations

The recent market correction has significantly impacted the memecoin sector, with Shiba Inu (SHIB) being one of the most affected. SHIB has experienced a nearly 50% decline from its December peak, sparking debate among analysts about its potential recovery. As a result of this substantial sell-off, large holders of memecoins have started transitioning to promising altcoins like DTX Exchange (DTX) and Ripple (XRP).

Ripple (XRP) has reached a new all-time high following recent political developments and the resignation of SEC chairman Gary Gensler. Experts suggest that further regulatory easing could drive XRP's price even higher. Meanwhile, DTX Exchange has experienced a considerable influx of capital as it prepares for listings on major exchanges in March. This final-phase presale star has soared over 700%, amassing more than $12.95 million in a few months, thanks to its robust fundamentals and impressive growth. Experts anticipate a potential 20x increase for this cryptocurrency in 2025.

Shiba Inu's (SHIB) Price Action and Burn Rate

Shiba Inu (SHIB) continues to face selling pressure, lagging behind other meme coins. Its price recently fell to $0.00001727, the lowest since November 6. Last week, Shiba Inu's decline broke a long-standing upward trendline, which had served as a strong support. This breakdown indicates a bearish trend that might continue for several months. However, the Shiba Inu (SHIB) burn rate has jumped by 360% in the last 24 hours, permanently removing millions of SHIB tokens from circulation. The burning process aims to create scarcity and potentially boost the value of Shiba Inu (SHIB) over time by reducing its supply. According to Shibburn, 5,573,943 SHIB tokens were destroyed in the past day.

XRP's Price Action and Future Outlook

After trading within a narrow flag pattern for ten days, XRP's price experienced a breakdown, falling to a low of $2.65. This decline triggered buying interest at the previous breakout level of $2