- Ripple’s XRP price is trading in the red by some 5.10% in the session on Wednesday.
- XRP/USD came under heavy selling pressure after failure to breakdown big resistance at $0.2150.
- Vulnerabilities are tilted to the downside, as price trades under $0.2000. Next area of interest for bears could likely be the $0.1500 price mark.
XRP/USD weekly chart
Failure of the noted $0.1500 holding could spark a further fresh bout of selling. The price has dropped some 45% within the last seven weeks.
XRP/USD daily chart
Extensions to the downside have been observed, since the bears smashed out of a bearish daily pennant structure.
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Spot rate: 0.1821
Relative change: -0.25%
High: 0.1883
Low: 0.1746
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