Home Ripple’s XRP  technical analysis: XRP/USD bulls use breached pennant as a platform for further gains
Crypto News

Ripple’s XRP  technical analysis: XRP/USD bulls use breached pennant as a platform for further gains

FX Street
Updated:
  • Ripple’s XRP price on Tuesday is trading in the green, holding gains of 2.00%.
  • XRP/USD price action is moving in consolidation mode, sitting just above a breakout pennant structure.  
  • Upside appears to be very much capped by resistance within the $0.2600 price territory.  

Spot rate:                  0.2542

Relative change:       -0.65%

High:                          0.2681

Low:                           0.2602

 

XRP/USD daily chart

  • XRP is sitting just above a breached bearish technical pennant, there is a lack of commitment for now.  

XRP/USD 60-minute chart

  • The price has extended out to the upside from a triangular structure formation.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2023