- Ripple’s XRP price on Tuesday was seen trading with just very minor gains of some 0.10%.
- XRP/USD remains contained within a narrowing descending wedge formation.
- Ripple conducted a large transaction in early hours today of around 1 billion XRP, being moving to another secure wallet that they own.
XRP/USD 15-minute chart
- The price is moving within a narrow range-block for now, as the price awaits some trend commitment.
Spot rate: 0.2984
Relative change: +0.10%
High: 0.2994
Low: 0.2962
Trend: Bearish
Support 1: 0.2951, daily pivot point support.
Support 2: 0.2916, daily pivot point support.
Support 3: 0.2862, daily pivot point support.
Resistance 1: 0.3040, daily pivot point resistance.
Resistance 2: 0.3095, daily pivot point resistance.
Resistance 3: 0.3130,daily pivot point resistance.
XRP/USD 60-minute chart
- Price action broke out and retested underneath a breached ascending trend line, seen via the 60-minute view.
XRP/USD daily chart
- The price is sitting just above the big area of demand, waiting for buyers.
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