Ripple's XRP Technical Analysis: XRP/USD jumps over 40% looking to leap and close above the huge barrier

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.

Ken Chigbo Independent Analyst

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.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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