Home Ripple Ripple’s XRP technical analysis: XRP/USD bears are sending the price down for another big test of $0.3000 – FXStreet

Ripple’s XRP technical analysis: XRP/USD bears are sending the price down for another big test of $0.3000 – FXStreet

by admin
  • Ripple’s XRP price late in the session on Tuesday is trading in negative territory, down some 3%.
  • XRP/USD bears have been retesting a bearish pennant structure to the downside, acting as support, subject to giving way to fresh selling pressure. 
  • The big psychological $0.3000 is vulnerable to another bout of pressure from the market bears. 

Spot rate:                 11,809.76

Relative change:      -0.05%

High:                         0.3246

Low:                          0.3114

XRP/USD 60-minute chart

  • A near-term trend line was breached, forcing a fresh wave of selling pressure, as seen via the 60-minute. 

XRP/USD daily chart

  • Bears are forcing a critical retest of breached pennant structure, now subject to potentially giving way. 

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