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. 

 

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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