Home Ripple Technical Analysis: XRP/USD bears ready to test vital support once again, following deadly shooting star doji
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Ripple Technical Analysis: XRP/USD bears ready to test vital support once again, following deadly shooting star doji

  • Ripple price has been firmly within the red on Tuesday, consistent pressure from the bears, down around 3%.
  • XRP/USD key near-term support being tested again to the downside, just ahead of $0.4400.  
  • 60-minute chart view sees a shooting star candlestick, which indicates of further downside pressure to come.  

 

XRP/USD 60-minute  chart  


 

Spot rate:                   0.44381

Relative change:       -0.25%

High:                          0.45950

Low:                           0.44064

 

Trend:                        Bearish

 

Support 1:                  0.44250,key near-term support.  

Support  2:                  0.44000,demand area.

Support  3:                  0.39590, 15 October low.  

Resistance  1:             0.44810, resistance on 60-minute.  

Resistance  2:             0.45200, supply zone.  

Resistance  3:             0.46750, resistance on 60-minute.  

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