Ripple’s XRP technical analysis: XRP/USD is potentially at large risk if $0.4000 fails to hold

• Ripple’s XRP price is trading in the red, down some 1.8% in the latter part of Tuesday.  
• XRP/USD remains capped to the upside by supply from $0.4600-0.4800.
• The buyers are trying to defend $0.4000 a breach via the daily could send the price plummeting. 

Spot rate:                  0.3992

Relative change:      -1.80%

High:                         0.4101

Low:                          0.3826

XRP/USD 60-minute chart

• Near-term price action via the 60-minute is moving within a descending channel formation. 

XRP/USD daily chart

• A vital near-term ascending trend line of support is preventing a large sell-off. 

Read more at: https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-technical-analysis-xrp-usd-is-potentially-at-large-risk-if-04000-fails-to-hold-201907021732