XRP Surges 15% on the Back of Triangle Pattern

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. Another day, another triangle pattern XRP surged more than 15% in the past 24 hours to lead gains among major cryptocurrencies beating Bitcoin and the broader coin desk 20 index. The recent spike extended the Token seven day gains to more than 40% making it the best performing major despite favorable regulatory developments for ether and demand for meme coins gains in the token started last week as traditional futures powerhouses CME and CF benchmarks announced the debut of indices and reference rates for XRP. Such moves have formed a triangle pattern on long term price charts which some popular traders say could favor bullish action in the coming weeks. As of 9:30 a.m. Eastern time XRP is trading just above 60 cents. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.