Ripple's XRP Technical Analysis: XRP/USD vital ascending trend line guiding the bulls

  • Ripple's XRP price on Tuesday is trading up in very minor positive territory, small gains of just some 1%.
  • XRP/USD bulls are supported near-term by an ascending trend line, see via the daily chart view. 
  • A breakout appears to be imminent, as the price narrows within a triangular structure.  

Spot rate:                  0.3271

Relative change:      +1.05%

High:                         0.3291

Low:                          0.3227

XRP/USD 60-minute chart

  • Price action via the 60-minute view is moving within a narrowing triangular structure, subject to a breakout for XRP/USD. 

XRP/USD daily chart

  • Daily price action for XRP/USD is supported to the upside by an ascending trend line formation.  

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