U.Today – Read U.Today’s top three news stories to learn what is happening in the world of crypto.

XRP on Verge of Biggest Breakout in Price History

As seen from the chart provided by TradingView, the Ripple-affiliated token XRP seems poised for the largest breakout in its price history. The chart reveals a symmetrical bullish triangle pattern that has developed over the past six years, marked by two converging trend lines resulting from the price showing lower highs and higher lows. This pattern typically indicates that the price may break out in the direction of the existing upward trend, reminiscent of the 2018 scenario where XRP surged by an incredible 60,000% during a 315-day rally. Once the breakout occurs, XRP is expected to maintain its bullish momentum. Based on the current price chart, the completion of the pattern is imminent, but the conclusion of this bullish phase may not arrive until late 2025.

Shibarium Close to Breaking Another Major Milestone

Shiba Inu’s layer-2 solution, Shibarium, is on track to reach a significant milestone. Data from Shibariumscan indicates that after nearly a year since its launch, the total number of blocks on Shibarium has now reached 6,398,912. This achievement brings Shibarium closer to the pivotal 6.5 million milestone. In addition, the network’s total transactions have surged to 418,989,504, with wallet addresses totaling 1,812,422. Recently, Shibarium has implemented a burn portal to eliminate excess SHIB tokens from circulation, and it has introduced on-ramp features for BONE tokens in partnership with Visa and Mastercard.

Bitcoin Risk-Off Asset, but Samson Mow Clarifies Crucial Nuance

JAN3 CEO and prominent Bitcoin maximalist Samson Mow recently utilized the X platform to discuss why Bitcoin is considered a risk-off asset, specifically for certain groups of market participants. According to Mow, there are four types of investors for whom Bitcoin is a less risky investment compared to others: those with low time preference, individuals who understand money, those affected by inflation, and people living under oppressive governments. It’s important to note that these factors do not need to coalesce in a single individual. Mow additionally highlighted the capability of average retail investors, whom he refers to as “the plebs,” to absorb the circulating Bitcoin supply.

This article was originally published on U.Today