Ripple's XRP technical analysis: XRP/USD vulnerabilities remain tilted to the downside below $0.3000
|- Ripple's XRP price in the second half of Tuesday is trading in the red, down some 2.05%.
- XRP/USD price action remains weighted to the downside, following the rejection within supply around $12,000 region.
- Price action via the daily chart view is constructing a potential inverse head and shoulders pattern.
Spot rate:
Relative change: -1.30%
High: 0.3010
Low: 0.2949
XRP/USD daily chart
- Price action remains very much vulnerable to further downside risk, following the bear escape of pennant structure.
XRP/USD 60-minute chart
- The price via 60-minute chart view is extending to the south, after a breach of a bearish flag structure.
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