Ripple's XRP technical analysis: XRP/USD heavy supply observed running from $0.4450-0.4600

Ripple's XRP price in the second half of Tuesday is trading in very minor positive territory by some 0.10%.
XRP/USD price action has taken a critical bounce off an ascending trend line.
Chunky supply can be seen via the daily running from $0.4450-0.4600 range.

Ken Chigbo Independent Analyst

Spot rate: 0.4165

Relative change: +0.11%

High: 0.4176

Low: 0.3949

XRP/USD 60-minute chart

Price action is moving within a narrowing triangular structure as seen via the 60-minute chart view.

XRP/USD daily chart

XRP/USD is struggling to breakdown daily supply, $0.4450-0.4600 price range.

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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