Home Ripple’s XRP technical analysis: XRP/USD hit with another hammer blow at $0.3000

Crypto News

Ripple’s XRP technical analysis: XRP/USD hit with another hammer blow at $0.3000

FX Street

Published date: 18 Oct. 2019 | 15:22

Ripple’s XRP price is trading with losses of some 3.50% in the session on Tuesday.
XRP/USD bulls again failed to break down the resistance at the $0.3000 territory.
The price is forced to remain within the confinements of a bearish flag structure via the daily.

XRP/USD daily chart

Daily price action failed and was rejected again at the psychological $0.3000 zone.

XRP/USD 60-minute chart

There is a safety net with an ascending trend line of support via the 60-minute chart view.

Spot rate: 0.2958

Relative change: -3.50%

High: 0.3023

Low: 0.2849

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.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.