Ken Chigbo
Independent Analyst
- Ripple's XRP price on Tuesday in the second half of the day is nursing losses of some 2.8%.
- XRP/USD daily price action is set for big supporting ascending trend line retest.
- A failure of the noted support holding could invite a retest of $0.4000.
Spot rate: 0.4585
Relative change: -2.80%
High: 0.4763
Low: 0.4553
XRP/USD 60-minute chart
- A 60-minute supporting trend line has been broken, opening the door for some near-term selling.
XRP/USD daily chart
- Price action is heading for a retest of a daily supporting ascending trend line.
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