Home Ripple’s XRP technical analysis: XRP/USD can really shift momentum north once $0.3000 is breached

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Ripple’s XRP technical analysis: XRP/USD can really shift momentum north once $0.3000 is breached

FX Street

Published date: 1 Nov. 2019 | 15:27

Ripple’s XRP price is trading with the red by some 1.55% in the session on Friday.
XRP/USD is struggling to push back above the $0.3000 price mark.
Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.

XRP/USD daily chart

The price is running towards its third consecutive session in the red.

XRP/USD 60-minute chart

Price action is moving within a descending channel structure, subject to a potential breakout.

Spot rate: 0.2904

Relative change: -1.55%

High: 0.2952

Low: 0.2891

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