Home Ripple’s XRP technical analysis: XRP/USD weekly chart remains largely bearish

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Ripple’s XRP technical analysis: XRP/USD weekly chart remains largely bearish

FX Street

Published date: 9 Dec. 2019 | 15:47

Ripple’s XRP price is trading in the red by some 0.50% in the session on Monday.
XRP/USD price action via the weekly chart view shows bears maintain control.
The price has been falling for five consecutive weeks, as the stubborn trend south remains.

XRP/USD weekly chart

The weekly view can see a chunky area of supply capping upside, $0.2250-0.2500 price range.

XRP/USD daily chart

Price action is stuck within a stubborn bearish pennant, breakout to the downside remains a risk.

Spot rate: 0.2290

Relative change: -0.50%

High: 0.2311

Low: 0.2272

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