Ken Chigbo
Independent Analyst
- Ripple's XRP price in the second half of Tuesday has taken a jump firmly into positive territory, with gains locked in of over 4%.
- XRP/USD bulls force a breakout from a narrowing five-day range, attempts of recovery after a recent beating.
- Heavy supply will be observed from the $0.3400-0.3500 price range, where some problems may be seen again for the bulls.
Spot rate: 0.3100
Relative change: -0.95%
High: 0.3166
Low: 0.2963
XRP/USD 60-minute chart
- Price makes an escape from the narrowing range, $0.3075 down to $0.2850. XRP has been moving within this since 25th April.\
XRP/USD daily chart
- XRP/USD bulls looking to smash out with a daily closure out from the recent five days narrowing range.
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