Ripple’s XRP Technical Analysis: XRP/USD if $0.32 is broken, there will be a total bloodshed

• Ripple XRP is trading down 2.8% in the latter part of Thursday’s session.
• XRP/USD bears are penetrating $0.3200 to the downside. This is the recent bottom area.
• A breach of the $0.3200 level will see a likely fall towards $0.2500 price territory.

XRP/USD daily chart

Spot rate:                   0.3270

Relative change:       -2.80%

High:                          0.3440

Low:                           0.3270

Trend:                         Bearish

Support 1:                   0.3244, daily pivot point support.

Support 2:                   0.3132, daily pivot point support.

Support 3:                   0.3000, psychological support.  

Resistance 1:              0.3479, daily pivot point resistance.

Resistance  2:              0.3591, daily pivot point resistance.

Resistance  3:              0.3652, daily pivot point resistance.

XRP/USD 60-minute chart

• XRP/USD price action via the 60-minute chart view can be seen moving within descending channel pattern.