A U.S. judge has ruled that the sale of XRP tokens does not constitute investment contracts, which was seen as positive news by enthusiasts. This ruling caused major cryptocurrencies to experience a significant increase. XRP has since been consolidating sideways on decreasing volume and volatility, forming a series of five inside bars. An inside bar pattern, particularly on larger time frames, has more validity and consists of a mother bar followed by one or more subsequent inside bars. Traders should look for high volume confirmation after the break of an inside bar pattern.
AI Sentiment: Positive