Ripple's XRP technical analysis: XRP/USD possible double-top eyed

  • Ripple's XRP price is trading marginally in the green, minor gains of 0.85% in the second half of Tuesday. 
  • XRP/USD via the daily chart view has the growing possibility of a double-top formation. 
  • The major barrier of resistance is observed from $0.4600-0.4800 range, the last ahead of $0.5000 return. 

 

Spot rate:              436.14

Relative change:  +0.85%

High:                      0.4574

Low:                       0.4216

XRP/USD 60-minute chart

  • Price action is attempting to breakdown supply observed from $0.4550-0.4600 price range. 

XRP/USD daily chart

  • There is a possibility of a double-top formation observed via the daily chart view. 

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