- XRP/USD continues to move within a bullish flag pattern formation, o the daily chart.
- Key demand is eyed at $0.4400-0.4350, vital this is held for further potential upside.
Ripple’s XRP price was seen trading in the green on Tuesday, although marginally, holding gains of just some 0.25%. This comes after selling pressure that hit the crypto market wide, during yesterday’s – Monday, session.
XRP/USD since the chunky move higher on 15-16 October, has firmly been within consolidation mode. The price action however, did form a bullish flag pattern. Should the technical set up play out to the text book, there could be a chunky move higher, back above the psychological $0.5000 area.
As long as the support eyed around $0.4400-4350 continues to hold out, then there is every chance for XRP/USD at completing this technical pattern. Resistance to the upside is seen at $0.4700.
XRP/USD daily chart
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