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  • XRP price is trading in negative territory, with losses of some 0.95% on Tuesday.
  • XRP/USD is flirting with a critical ascending trend line of support via the daily. 
  • Support should be noted at $0.1800, a major area that if breached could invite greater downside pressure. 

 

XRP/USD daily chart

Trading conditions via the daily have remained tight for going on eight sessions, since the failure to break and close above $0.2000. 

XRP/USD 60-minute chart

Near-term price action smashed out to the downside from a range-block, inviting greater downside pressure. XRP/USD can now be seen consolidating within a flag structure. 

Spot rate:                   0.1826

Relative change:       -0.95%

High:                          0.1891

Low:                           0.1837