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Ripple’s XRP technical analysis: XRP/USD is potentially at large risk if $0.4000 fails to hold

FX Street

Published date: 2 Jul. 2019 | 19:37

Ripple’s XRP price is trading in the red, down some 1.8% in the latter part of Tuesday.
XRP/USD remains capped to the upside by supply from $0.4600-0.4800.
The buyers are trying to defend $0.4000 a breach via the daily could send the price plummeting.

Spot rate: 0.3992

Relative change: -1.80%

High: 0.4101

Low: 0.3826

XRP/USD 60-minute chart

Near-term price action via the 60-minute is moving within a descending channel formation.

XRP/USD daily chart

A vital near-term ascending trend line of support is preventing a large sell-off.

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