Home Ripple Ripple’s XRP technical analysis: XRP/USD troubled by big barrier at $0.2300 – FXStreet

Ripple’s XRP technical analysis: XRP/USD troubled by big barrier at $0.2300 – FXStreet

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  • Ripple’s XRP price is trading in the red by some 0.90% in the session on Tuesday.
  • XRP/USD price action remains narrow via the daily, which has been in the case since 24 November.
  • The price has been falling for five consecutive weeks, as the stubborn trend south remains. 

XRP/USD daily chart

A large daily barrier should be noted at $0.2300, preventing the price from further upside pressure

XRP/USD 60-minute chart

Price action breached a near-term ascending trend line, which invited another wave of pressure south. 

Spot rate:                 0.2230    

Relative change:      -0.90%

High:                         0.2257

Low:                          0.2212

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