XRP/USD will need huge efforts to get back above $0.4000

  • Ripple’s XRP price on Tuesday trading down in minor negative of some 1%
  • XRP/USD bulls are facing a touch time at present trying to retest and break back through the $0.4000 price area. 
  • Price action is narrowing greatly within a range-block formation, subject to a breakout.

 

Spot rate:                0.3561  

Relative change:      -1.01%

High:                       0.3597 

Low:                        0.3491

XRP/USD 60-minute chart

  • Price action is moving within a range-block formation, subject to a potential breakout to the upside, after a consolidation period. 

XRP/USD daily chart

  • Bulls are struggling to breakdown the supply heading into the $0.4000 territory. 

 

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