Home Ripple’s XRP technical analysis: XRP/USD subject to big $0.1500 return
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Ripple’s XRP technical analysis: XRP/USD subject to big $0.1500 return

FX Street
Published date:
  • Ripple’s XRP price is trading in the red by some 5.10% in the session on Wednesday.
  • XRP/USD came under heavy selling pressure after failure to breakdown big resistance at $0.2150.
  • Vulnerabilities are tilted to the downside, as price trades under $0.2000. Next area of interest for bears could likely be the $0.1500 price mark.  

XRP/USD weekly chart

Failure of the noted $0.1500 holding could spark a further fresh bout of selling. The price has dropped some 45% within the last seven weeks.  

XRP/USD daily chart

Extensions to the downside have been observed, since the bears smashed out of a bearish daily pennant structure.

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Spot rate:                 0.1821

Relative change:       -0.25%

High:                         0.1883

Low:                           0.1746

 

 

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