Ripple's XRP technical analysis: XRP/USD failed pennant retest would bring $0.2000 back into play
|- Ripple's XRP price is trading up with minor losses of some -1.40% in the session on Tuesday.
- XRP/USD price is heading back for a retest of a breached pennant structure.
- There is a sizeable barrier observed within the $0.2600 price area, preventing the bulls from further moves north.
XRP/USD daily chart
The daily candle on Monday broke out from a bearish pennant pattern, the retest is at present in play.
XRP/USD 60-minute chart
Price action is losing ground within the 0.2600 price territory, where heavy supply is noted.
Spot rate: 0.2560
Relative change: -1.40%
High: 0.2615
Low: 0.2515
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