- Ripple price on Friday saw Thursday’s small bounce short lived, as the pressure was back on to the downside.
- XRP/USD ran into the touted resistance area of $0.30, sellers swooping in to take price back down to the south.
The Ripple price was seen down some 3.15% on Friday, as the crypto market came under renewed selling pressure across the board. Thursday it was allowed a temporary bounce, a consolation given, but the bears come in to sell rallies.
XRP/USD is again dealing with selling pressure, which was triggered back on Wednesday, after the reports Goldman Sachs were to halt crypto desk. $0.3000 was a big area of support, after the bulls managed to break back above this area on 17th August.
Technically, given the rejection up at $0.3000, it is likely to see XRP/USD pressure pile back on, causing. Next major area to be tested again will be $0.2600-0.2500, if this fails to hold ground, then a test of the round $0.2000 could likely come into play.
XRP/USD 60-minute chart
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