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Ripple's XRP technical analysis: XRP/USD remains within horizontal range channel structure

  • Ripple's XRP in the second half of Tuesday's session is trading in the red, down some 2.00%. 
  • XRP/USD price action continues to move within a horizontal channel structure via the daily. 
  • The psychological $0.4000 is once again causing some problems, acting as a barrier.   

 

Spot rate:                 0.3952

Relative change:      -2.00%

High:                        0.4081

Low:                         0.3922

XRP/USD 60-minute chart

  • 60-minute chart view is tracking very closely to an ascending trend line of support. 

 

XRP/USD daily chart

  • Price action is very much ranging via the daily chart view, a lack of committed direction for now.

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