Shiba Inu Flies Higher In Tandem With Dogecoin As Crypto Sector Reacts To XRP Judgement: A Technical Analysis

Shiba Inu (CRYPTO: SHIB) was climbing up over 6% at one point during Thursday’s 24-hour trading session, attempting to confirm a new uptrend pattern on the daily chart. The move higher came in tandem with Dogecoin (CRYPTO: DOGE), which was spiking over 6% higher amid bullish price action in the crypto sector following a landmark ruling by a U.S. judge, who determined that Ripple’s sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts.