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  • Ripple’s XRP  price is trading in the red, nursing losses of around 1.9% in the second half of Tuesday.  
  • XRP/USD moving within the confinements of a narrowing triangular structure, as the upper acting trend line holds firm for now.  
  • The next major barrier is seen just ahead at $0.5000, should the bulls breakdown $0.4600-0.4800 region.  

 

Spot rate:               0.4261

Relative change:   -1.90%

High:                       0.4403

Low:                        0.4175

 

XRP/USD 60-minute chart

  • Price action is consolidating as seen via the 60-minute chart view, after a breakout from a near-term bullish pennant pattern.  

XRP/USD daily chart

  • Bulls are taking a break for now consolidating, following a strong push higher over the past five sessions.