- Ripple's XRP price on Tuesday is trading in the green, holding gains of 2.00%.
- XRP/USD price action is moving in consolidation mode, sitting just above a breakout pennant structure.
- Upside appears to be very much capped by resistance within the $0.2600 price territory.
Spot rate: 0.2542
Relative change: -0.65%
High: 0.2681
Low: 0.2602
XRP/USD daily chart
- XRP is sitting just above a breached bearish technical pennant, there is a lack of commitment for now.
XRP/USD 60-minute chart
- The price has extended out to the upside from a triangular structure formation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Latest Crypto News & Analysis
Editors’ Picks
ETH eyes $3,000 as network activity explodes and scarcity grows
Ethereum has finally hit a clear new all-time high across all exchanges, and it’s currently under a healthy consolidation period. Over the past week, Ethereum’s dominance over the market increased from 13% to 17%, while Bitcoin lost close to five percentage points.
Ripple is South Korea’s most popular cryptocurrency, but price stays pressured
XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea. The research relies on the data from Bithumb, Corbit and Coinone for the fiscal year 2019.
XLM Price Forecast: Stellar primed for a 10% short-term upswing amid massive network expansion
Stellar had tremendous success in 2021, reaching a high of $0.411 after a massive 230% price explosion. The digital asset has outperformed several other coins, including Bitcoin, and could be poised to rise even higher amid positive metrics shown by the Stellar Development Foundation (SDF).
BTC rally back to $40,000 in jeopardy as Grayscale’s demand diminishes
Bitcoin is trading slightly above $33,000 after plunging from January’s peak near $42,000. Investors, speculators, and analysts believe that the pioneer cryptocurrency can hit price levels beyond $40,000.
Bitcoin Weekly Forecast: BTC is on track to $100,000 despite the recent correction
After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,850. For the most part, this pullback is considered healthy as past price action indicates it’s normal for the flagship cryptocurrency to experience 30-40% corrections during a bull rally.