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XRP Price Analysis: XRP/USD testing critical support to the downside which could be punishing

FX Street

Published date: 11 Feb. 2020 | 15:42

XRP price is trading in negative territory, with losses of some 0.10% on Tuesday.
XRP/USD has been consolidating over the last six sessions, as the bulls lose momentum.
Critical daily support should be noted at the range of $0.2700-0.2600.

XRP/USD daily chart

Heavy supply can be observed from $0.2750-0.2900 price range via the daily.

XRP/USD 60-minute chart

The near-term critical demand zone can be seen propping up the price at present, running from $0.2700-0.2650.

Spot rate: 0.2733

Relative change: -0.10%

High: 0.2750

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