- XRP price is trading in positive territory, with gains of some 5.70% on Tuesday.
- XRP/USD is moving within a bearish pennant, being capped to the upside around the $0.17 region.
- Risks do remain to the downside, despite the bout of buying recent pressure.
XRP/USD daily chart
Daily price action continues to move within a bearish pennant, the bulls will need to force a daily breakout and closure above.
XRP/USD 60-minute chart
Near-term price action has breached somewhat of a bullish pennant structure, inviting further buying pressure.
Spot rate: 0.1625
Relative change: +2.05%
High: 0.1644
Low: 0.1577
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