Home Ripple Price Analysis: Eyes $0.20 amid rising channel breakdown
Crypto News

Ripple Price Analysis: Eyes $0.20 amid rising channel breakdown

  • Ripple bears gather pace, aiming for a test of $0.20 mark.
  • Correction to extend in the near term amid bearish technical set up.
  • Hourly RSI is heading into oversold territory, still not out of the woods yet.

Ripple (XRP/USD) is extending Sunday’s losses and the correction from the seven-week highs of 0.2357 reached last Thursday. The price met fresh supply in the last minutes and now loses nearly 5% to trade around 0.21 region, quickly reversing a dip to 0.2073 low. The third-most favorite cryptocurrency has started out a fresh week on a bearish note, tracking the negative sentiment across the crypto space. Its market capitalization stands at $9.34 billion.

 

more to come …

FX Street

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.