Ripple price was slammed in the latter stages of trading on Monday, nursing losses of some 3%. Big failure for bulls, after not being able to break above a descending trend line, that helps form a falling channel. The Ripple price came under selling pressure in the latter stages of trading on Monday, nursing some losses of over 3% in the session. This comes after the bulls failed to push above resistance, which was tracking at $0.2825. XRP/USD price action has been moving within a descending channel pattern, which started taking shape from 6-7th September, it has been respected since. After the heavy crash that took place from 4th September, Ripple has traded within a tight range of around 2.5 cents, swinging between $0.2550 to $0.2800. Technically, there is some support seen around $0.2680-50, if the bears manage to push through this, then XRP/USD could quickly be back at the next demand area $0.2550. The mentioned area of support is not too far above the lower part of the descending channel, of which the price is being dictated by, tracking around $0.2450. Resistance in the near-term remains at the upper part of the channel formation, tracking at $0.2825. XRP/USD 60-minute chart 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. View All Post By FX Street Crypto News share Read Next EUR/GBP Technical Analysis: EUR/GBP grinding down below 0.8900 figure FX Street 5 years Ripple price was slammed in the latter stages of trading on Monday, nursing losses of some 3%. Big failure for bulls, after not being able to break above a descending trend line, that helps form a falling channel. The Ripple price came under selling pressure in the latter stages of trading on Monday, nursing some losses of over 3% in the session. This comes after the bulls failed to push above resistance, which was tracking at $0.2825. XRP/USD price action has been moving within a descending channel pattern, which started taking shape from 6-7th September, it has been respected… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
