Most cryptocurrency assets are back in green, but underlying market indicators show it is way too early to celebrate
Despite ending the last week in the red, altcoins are showing some positive dynamics at the beginning of this week as most assets show mild gains. However, the low volatility and trading volume are signs of the weakness of bulls, and any negativity will most likely push the market to a One of the strongest gainers on the market today is Cosmos , with a more than 2% price increase in the last 24 hours.
The only thing that may shake up both markets is the potential default of one of the biggest investment banks in the world, Credit Suisse. The story behind the potential $1.5 trillion market crash has beenSuccess in court was the main fuel for the XRP's unusual 55% rally, but as the dust settled, the cryptocurrency quickly reversed, losing almost 50% of what it gained previously. However, the bulls were able to push it back up.
It is hard to tell which way XRP will go after it reaches the end of the triangle, but the descending volume suggests that the cryptocurrency will most likely continue to drop further unless unusual buying activity appears on the market, following Ripple's success in court against the SEC.
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