Ken Chigbo
Independent Analyst
- Ripple's XRP price Tuesday is trading with gains of around 27.5% in the second half of the day.
- XRP/USD has rallied to the highest level seen since 24 December 2018, as the bulls return with a huge vengeance.
- The next major barrier of interest for the bulls will likely be the $0.4500 price area.
Spot rate: 0.4135
Relative change: +4.40%
High: 0.4189
Low: 0.3228
XRP/USD 60-minute chart
- Price has broken out from a bullish pennant pattern structure, inviting further upside selling pressure.
XRP/USD daily chart
- Bulls are looking to settle for $0.4100 as the new bottom area, but will need a firm daily closure above.
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