- Ripple’s XRP price on Tuesday is trading marginally in the green, up some 0.50%.
- XRP/USD price is moving within consolidation mode, after escaping from a bearish pennant structure. Support can be found at $0.2550, which is just on top of the noted pattern.
- The price over the last three sessions continues to be capped to the upside, by resistance around $0.2650 area.
Spot rate: 0.2605
Relative change: +0.50%
High: 0.2630
Low: 0.2587
XRP/USD daily chart
- Price action appears to be capped to the upside by supply around $0.2650, as seen over the last four sessions.
XRP/USD 60-minute chart
- Near-term price action is moving within a range-block formation, subject to a breakout.
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