Ripple’s XRP Technical Analysis: XRP/USD bears locked in on make or break demand area

• XRP dealt another blow on Monday nursing losses over 2% into the session.  
• Eyes are firmly locked in for another potential drop down to $0.25-0.20 price range.  
• Big buying has previously been observed in the mentioned zone, this is the next major area of support.  
• American Express general manager of corporate payments, Carlos Carriedo, was praising the speed of Ripple’s technology for payments.  

XRP/USD daily chart
 

Spot rate:                   0.3068

Relative change:       -2.25%

High:                          0.3182

Low:                           0.3055

Trend:                         Bearish

Support 1:                   0.3020, daily pivot point support.

Support 2:                   0.2901, daily pivot point support.

Support 3:                   0.2788, daily pivot point support.

Resistance 1:              0.3252, daily pivot point resistance.

Resistance  2:              0.3366, daily pivot point resistance.

Resistance  3:              0.3485, daily pivot point resistance.

XRP/USD weekly chart

• Price continues to flirt at lowest levels seen since December 2017, during the big bull run at the end of the year.