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“Massive Rally Ahead? Shiba Inu Eyes 126% Jump, Analyst Says the Time Is Now!”

The Crypto Basic

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#Shiba Inu has regained momentum, and recent market analyses suggest its price is about to go parabolic from the current standing.
Read more on: https://thecryptobasic.com/2025/07/21/shiba-inu-ready-to-move-expert-shares-next-near-term-126-target/
#CryptoNewsCommunity 

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Chartered Market Technician Tony Severino Predicts #XRP to Hit $13 within next 42 days. Notably, his commentary leveraged historical price movements to project when this final move could occur. According to Severino, XRP may hit its cycle top within the next 40 days, consistent with the timeline it took to claim 2018 bull run peak. Data from the analyst’s chart shows an extensive symmetrical triangle that formed on the weekly timeframe for over seven years.This triangle started taking shape after XRP collapsed from the $3.8 peak in January 2018. Amid XRP’s underperformance over the past few years, the triangle maintained its structure.Interestingly, when XRP rallied past the $1 and $2 psychological levels in November 2024, it secured a breakout above the triangle.This breakout faced a roadblock at the $3.4 peak in January 2025, leading to what looks like a smaller symmetrical triangle or bull pennant. This small triangle lasted for six months, and XRP recently broke above it as well on the back of the latest run to $3.6. Now, Severino suggests this recent breakout could push further to a new all-time high of $13, marking a 261% increase from the current price and a 1,900% rise from the breakout point of the seven-year symmetrical triangle. His chart also shows that XRP has been following an Elliott Wave structure since Q4 2024. Accordingly, the Wave 4 formed when XRP retraced from $3.4 in January to the $1.96 low in June 2025. Now, the recent breakout marks the start of Wave 5, potentially leading to the $13 peak. Severino expects XRP to reach this top within the next six weeks or 42 days. Historical data shows the analyst’s projection is influenced by XRP’s 2017/2018 run. Specifically, after breaking out to $0.3988 in mid-2017, XRP entered a consolidation phase, similar to what happened from January. However, following a recovery, it took XRP six weeks to reach the cycle peak of $3.8 in January 2018. Severino shared an Elliott Wave visual predicting that after the Wave 5 peak of $13, XRP could face a corrective ABC structure. #Crypto

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US Senate Finally Unveils Draft Bill to Fully Regulate #Bitcoin and the Crypto Industry. Further, in the second section, the bill addresses the growing concern around crypto-related crime. It directs the Treasury to develop standards for financial institutions working with digital assets and encourages law enforcement and regulators to share information with private crypto companies. However, the third section sets clearer expectations for banks and investment firms. Notably, it mentions how banks can work with digital assets legally and calls for consistent rules when institutions include crypto in investment portfolios. It also updates how firms should calculate capital when crypto transactions are offset between parties. The final part of the bill addresses the future. Interestingly, lawmakers proposed a sandbox that lets innovators test blockchain projects with lighter oversight. The bill also guarantees the right to self-custody, allowing individuals to hold and manage their crypto without going through a third party. In addition, it updates the SEC’s responsibilities to include support for innovation and urges regulators to align U.S. rules with global standards. Senator Tim Scott, who chairs the Senate Banking Committee, said lawmakers in both chambers share a common goal of creating fair rules that protect investors while allowing innovation to thrive in the U.S. He stressed the importance of keeping digital finance rooted in American soil. This bill follows a series of moves the federal government has made since President Donald Trump returned to office in January 2025. Just days after taking office, he signed an executive order that created a task force focused on reforming crypto regulations. Also, another order rolled back earlier policies from the Biden administration. Congress also took major action this month during what many in Washington now call “Crypto Week.” For context, lawmakers passed three major bills aimed at creating a national framework for digital assets. One of them, the GENIUS Act, sets strict rules for stablecoins. #Cryptonews

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