Ripple Price Analysis: XRP/USD or the story of a pump-and-dump scheme

Updated: 10 Apr. 2020 | 22:03

After the bubble burst in late 2017 XRP/USD has been losing value consistently.
XRP/USD is set to decline further as the technical picture is deteriorating.

XRP/USD weekly chart

XRP/USD or better renamed RIP/USD is showing very little signs of life as the so-called crypto asset is trading below its 50 and 100 SMAs on the weekly chart. After the hyped phase in late 2017, XRP/USD has been steadily declining. The bear trend remains intact and 2020 is most likely going to be another disappointment for perma-bulls.

Additional key levels

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