Home Ripple’s XRP technical analysis: XRP/USD $0.2000 in for a big potential test
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Ripple’s XRP technical analysis: XRP/USD $0.2000 in for a big potential test

FX Street
Published date:
  • Ripple’s XRP price is trading in the red by some 1.70% in the session on Monday.
  • XRP/USD price action is breaking out of a narrowing range, with $0.2000 insight for a potential bear attack.  
  • The price has been falling for six consecutive weeks, as the stubborn trend south remains.  

 

XRP/USD weekly chart

Price action is largely tilted to the south, with the next major weekly support eyed at $0.2000.  

XRP/USD daily chart

The market bears are breaking down a critical support area, $0.2300-0.2100.

Spot rate:                 0.2137      

Relative change:       -1.70%

High:                         0.2197

Low:                           0.2109

 

 

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