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  • 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.