- XRP/USD comes under heavy selling pressure in late trading on Thursday.
- Next major levels to watch; $0.2950, then $0.2500-0.2000 for support.
Ripple’s XRP is was seen trading down over 2.5% in the latter part of Thursday’s session. The price was hit with some late selling pressure, after the bears crashed through key near-term support, exacerbating the move south.
Over the past two sessions, XRP/USD has been well-supported by an ascending trend line. However, the bears forced a breach, which was seen around the $0.3055 level. A fast move to a fresh session low was observed, XRP testing $0.3000 mark to the downside.
The next major support is eyed down at $0.2950, this is the recent bottom area, produced on 11th December. Any failure of this holding will like invite a fresh strong wave of selling pressure. The demand zone below should be noted at $0.2500-0.2000.
XRP/USD 60-minute chart
Share
