- Ripple price holding on to decent gains on Tuesday, up over 2% through the mid-point of the session.
- XRP/USD price action seen the big spike higher yesterday, is moving within consolidation mode. However, the formation of a potential bullish flag pattern is being eyed.
- Market players are somewhat optimistic and enlightened, after Ripple revealed they have been undergoing extensive meetings with Trump administration. Discussing XRP and the cryptocurrency market. Topic of discussions even included the mining going on in China, how they are a leader in this area in terms of activity.
XRP/USD 60-minute chart
Spot rate: 0.46800
Relative change: +2.01%
High: 0.48815
Low: 0.46940
Trend: Neutral/Bearish
Resistance 1: 0.47100, upper part of flag.
Resistance 2: 0.48750, resistance on 60-minute chart.
Resistance 3: 0.50000, psychological resistance.
Support 1: 0.44380, 50MA (60-minute).
Support 2: 0.43300, lower part of flag & 100MA..
Support 3: 0.38950, broken descending trend line.
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