Ken Chigbo
Independent Analyst
- Ripple's XRP price on Tuesday is trading in the red, down with losses of 1.5%, after initially starting the session in the green.
- XRP/USD bears have breached an ascending channel/bearish flag formation.
- The price has broken out and retested the noted structure, which does currently sit in the bears' favour.
Spot rate: 0.3015
Relative change: -1.50%
High: 0.3096
Low: 0.3007
XRP/USD 60-minute chart
- Price heading for a retest of the big $0.3000 to the downside, key near-term 60-minute supports levels at $0.3000 and then $0.2975
XRP/USD daily chart
- Price action via the daily has broken out and retested a bearish flag pattern formation.
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