Live: What’s Happening in Crypto Market on Nov. 28?

XRP is showing renewed strength, with its price rebounding and a long convergence pattern nearing completion. Technical signals, including a bullish pennant and reclaimed support, suggest upward momentum could accelerate soon.

Institutional interest is growing as U.S. spot XRP ETFs record strong inflows, while Binance reserves drop to around 2.7 billion tokens. Analysts believe these factors, combined with historical breakout patterns, could set the stage for a significant price move.

Turkmenistan has officially passed a law to regulate cryptocurrency activities, legalizing digital assets and establishing a framework for exchanges and mining operations. The legislation defines virtual assets’ legal and economic status and sets clear rules for creation, storage, use, and circulation.

The law will come into effect on January 1, 2026, as the country aims to diversify its economy and attract investment. Key terms such as blockchain, NFTs, mining, and smart contracts are now officially defined, providing clarity for the country’s growing crypto ecosystem.

Shiba Inu’s burn rate dropped 90% in a single day, yet its price gained 4%, reflecting steady demand for the meme coin. A falling wedge pattern on the daily chart suggests a potential bullish reversal as the price moves above the wedge’s upper line.

The positive momentum coincides with upcoming updates, including Shibarium’s privacy upgrade and a partnership with TokenPlay AI for gaming and app development. Analysts expect these developments to increase SHIB’s use and maintain strong community interest.

South Korea is expanding the crypto Travel Rule to cover transfers under $680. Regulators aim to close loopholes used for tax evasion, drug deals, and overseas payments.

Offshore “high-risk” platforms will be blocked, and local exchanges face tougher checks. Authorities plan fast account-freeze powers and stricter rules for major shareholders.

Upbit confirmed a $38.5M Solana-based crypto theft caused by internal security lapses. The breach affected Solana, Bonk, USDC, and RENDER.

Rumors linking the attack to North Korea’s Lazarus Group have been dispelled. Upbit has frozen deposits, fully compensated users, and strengthened its security to prevent future breaches.