Home Ripple Technical  Analysis: XRP/USD another punishing drop could be just around the corner
Crypto News

Ripple Technical  Analysis: XRP/USD another punishing drop could be just around the corner

  • Ripple price continues to take a beating, nursing losses just shy of 2% on Monday.
  • XRP/USD selling pressure remains intact, with eyes on another retest of 14th August lows.  

 

XRP/USD 60-minute chart


 

Spot rate:                    0.27104

Relative change:        -1.78%

High:                           0.28245

Low:                            0.26958

 

Trend:                         Bearish

 

Support 1:                   0.26750, support on 60-minute chart & demand zone. .

Support    2:                  0.25350,  chunky buying area.

Support    3:                  0.24610, long wick low 14th August.  

Resistance 1:              0.27700,  resistance on 60-minute chart.

Resistance 2:             0.29500, supply zone.  

Resistance 3:             0.30000, psychological  resistance,  

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.