Ripple's XRP technical analysis: XRP/USD big pennant retest
|- Ripple's XRP price on Tuesday is trading in negative territory, nursing losses of around 2.90%.
- XRP/USD price action is retesting a breached bullish pennant pattern, after the breakout in the session on Monday.
- If the structure holds on the retest, it could open the door to greater moves north.
Spot rate: 0.4357
Relative change: -2.90%
High: 0.4560
Low: 0.4310
XRP/USD 60-minute chart
- A near-term bullish flag structure can be seen via the 60-minute chart view, subject to a potential breakout north.
XRP/USD daily chart
- Price action via the daily is undergoing a retest of the breached bullish pennant structure.
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