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  • Ripple’s XRP price on Tuesday is trading in the red, down with losses of 1.5%, after initially starting the session in the green.
  • XRP/USD bears have breached an ascending channel/bearish flag formation.
  • The price has broken out and retested the noted structure, which does currently sit in the bears’ favour.  

 

Spot rate:                   0.3015

Relative change:       -1.50%

High:                          0.3096

Low:                           0.3007

XRP/USD 60-minute chart

  • Price heading for a retest of the big $0.3000 to the downside, key near-term 60-minute supports levels at $0.3000 and then $0.2975

 

XRP/USD daily chart

  • Price action via the daily has broken out and retested a bearish flag pattern formation.