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Ripple’s XRP technical analysis: XRP/USD set for key supporting ascending trend line retest

FX Street

Published date: 25 Jun. 2019 | 15:37

Ripple’s XRP price on Tuesday in the second half of the day is nursing losses of some 2.8%.
XRP/USD daily price action is set for big supporting ascending trend line retest.
A failure of the noted support holding could invite a retest of $0.4000.

Spot rate: 0.4585

Relative change: -2.80%

High: 0.4763

Low: 0.4553

XRP/USD 60-minute chart

A 60-minute supporting trend line has been broken, opening the door for some near-term selling.

XRP/USD daily chart

Price action is heading for a retest of a daily supporting ascending trend line.

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