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  • Ripple has fallen over 2.86% on Monday but the price has found support at 0.270.
  • The level is close to a key Fibonacci zone which confluences with a trendline support area.

XRP/USD 4-Hour Chart

Below is the 4-hour XRP/USD chart, it shows that the price stopped at the trendline following its dramatic fall.

Now it seems the price has recovered somewhat but could still be in danger of a further decline to the 61.8% Fib level.

The candlesticks have recently thrown up some hammer rejection candles so the price could be heading higher in the near term.

The psychological 0.30 level will be the first target for the bulls and a close above that would be a positive sign.

Ripple

Additonal Levels

 

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