Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading in the green by some 0.90% in the session on Tuesday.
- XRP/USD remains vulnerable as it trades underneath the psychological $0.2000.
- Price action is consolidating, subject to further downside pressure given current technical behaviour.
XRP/USD weekly chart
Price action is running towards its third week in the red, following the critical weekly support breach at $0.2150.
XRP/USD daily chart
Price action via the daily chart view is moving within a bearish pennant pattern, subject to a breakout.
Spot rate: 0.1918
Relative change: +0.90%
High: 0.1929
Low: 0.1889
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