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  • Ripple’s XRP is trading up with decent gains of around 4.5% in the latter part of Tuesday, after three consecutive sessions of losses.
  • XRP/USD price action has been stuck within a mundane daily trading range since 11th January.

 

Ripple’s XRP price in the latter part of Tuesday is holding decent gains of around 4.5%. XRP/USD finally moving to the upside, this coming after three consecutive sessions of selling, losing around 6% within this period.

XRP/USD despite the gains observed in the session today – Tuesday, the price really has not done much since 11th January. Price action has been stuck within a daily range, the low down at around $0.28, with the high of this up at $0.3500.

For greater upside, the bulls must break down in the near-term; $0.325, daily pivot point resistance and then $0.3400-0.3500 area, the upper part of this mundane daily range. Should the bulls force a breach here, this could open the door to much buying pressure, sending XRP/USD back into $0.4000 price region. There is heavy supply within the early-mid $0.40 territory, this is the final big barrier in the way of potential great upside to come for XRP.

XRP/USD daily chart