Home Ripple’s XRP technical analysis: XRP/USD bears set to force a breach of $0.3000
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Ripple’s XRP technical analysis: XRP/USD bears set to force a breach of $0.3000

FX Street
Published date:
  • Ripple’s XRP price on Thursday is trading in negative territory by 1.8%.
  • XRP/USD bears have forced the price out from a bearish penannt structure.  
  • The big psychological $0.3000 remains at risk from the sellers, a breach could bring a strong wave of selling pressure.The big psychological $0.3000 remains at risk from the sellers, a breach could bring a strong wave of selling pressure.  

 

Spot rate:                   0.3055

Relative change:       -1.80%

High:                          0.3116

Low:                           0.3053

XRP/USD 60-minute chart

  •  Price action moving within a steep descending wedge structure, as the bears maintain control.  

XRP/USD daily chart

  • The price is extending to the south following a breakout from a bearish penannt structure.  

FX Street

FX Street

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