Home Ripple’s XRP Technical Analysis: XRP/USD having problems with large supply area $0.2200 – 0.2400
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Ripple’s XRP Technical Analysis: XRP/USD having problems with large supply area $0.2200 – 0.2400

FX Street
Published date:
  • Ripple’s XRP price is trading in the red by some 1.60% in the session on Monday.
  • XRP/USD is running towards its fourth consecutive session in the red. 
  • A daily breach and closure below the psychological $0.2000, could be punishing.

XRP/USD weekly chart

The price has been on the decline since a big rejection within a strong weekly supply, $0.2200-0.2400. 

XRP/USD daily chart

Price action is consolidating underneath the strong above-noted supply zone. It is critical for XRP/USD recovery for the psychological $0.2000 to hold. 

 

Spot rate:                  0.2115

Relative change:      -1.60%

High:                          0.2153

Low:                           0.2101

 

 

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