Ripple’s XRP Technical Analysis: XRP/USD vital support being penetrated, set to be obliterated

• Ripple’s XRP price nursing losses in the session on Tuesday of some 1.55%.  
• XRP/USD bears are penetrating vital near-term support within the $0.3000-0.2900.
• A breach of the above-mentioned can expose a fall down to the pits of $0.25-0.20.

XRP/USD 60-minute chart
 

Spot rate:                   0.2987

Relative change:       -1.35%

High:                          0.3119

Low:                           0.2969

Trend:                         Bearish

Support 1:                   0.2939, daily pivot support.  

Support 2:                   0.2856, daily pivot point support.

Support 3:                   0.2734, daily pivot point support.

Resistance 1:              0.3144, upper part of ascending channel.

Resistance  2:              0.3266, daily pivot point resistance.

Resistance  3:              0.3349, daily pivot point resistance.

XRP/USD daily chart

• Via the daily, price action can be seen within this tight consolidation mode, subject to a breakout to the  downside.