Home Ripple’s XRP technical analysis: XRP/USD risks remain tilted to the downside due to bearish pennant

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Ripple’s XRP technical analysis: XRP/USD risks remain tilted to the downside due to bearish pennant

FX Street

Updated: 30 Jul. 2019 | 15:37

Ripple’s XRP price on Tuesday is trading in positive territory, holding gains of some 1.80%.
XRP/USD price action is narrowing within a pennant structure, as seen via the daily view.
Near-term price action escaped out of a narrowing range, allowing room for an upside squeeze.

Spot rate: 0.3157

Relative change: +0.40%

High: 0.3198

Low: 0.3062

XRP/USD 60-minute chart

Price action broke out from a narrowing range, high of 0.3120 low of 0.3060.

XRP/USD daily chart

XRP/USD remains stuck within a daily pennant pattern, subject to a breach.

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