The Crypto Fear and Greed Index noted an extremely greedy figure of 76 for the day, a figure that was higher than the previous days 73. XRP was forming a bullish pattern right under a level of resistance, while Augur lacked the momentum to move the asset upwards or downwards on the charts. However, it presented a possibility that it might break out in the coming days or weeks. Further down the crypto-ladder, Synthetix was trending lower and could be set to visit lows last registered in July.
XRP formed an ascending triangle as it repeatedly tested the level of $0.26 over the past few days. As Bitcoin moved past $13,000, XRP also moved up with it and registered gains of near 8% over the past few days.
The price did not break out of the pattern. A confirmation would be if XRP broke out accompanied by good trading volume, with a projected upside target of $0.29.
The Awesome Oscillator also registered bullish momentum. Interestingly, this pattern also had the possibility of a breakout to the downside, invalidating the pattern. In that case, the $0.24-level could offer support.
In related news, Brad Garlinghouse, CEO of Ripple, revealed that he was considering moving to London over a lack of clear regulations with regard to cryptocurrencies in the US.
Augur formed a rectangle bottom (yellow). This pattern gene ...
Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.