XRP/USD bulls lose initiative was the price breaks below $0.2600. The coin may extend the downside correction to $0.2500. Ripple’s XRP extended the decline and touched $0.2571 during early Asian hours, which is the lowest level since November 15. At the time of writing, XRP/USD is changing hands at $0.2594, down 1.5% since the beginning of the day. A sustainable move below $0.2600 support bodes ill for XRP’s short-term forecast, making it vulnerable to further losses. Read also: Ripple’s Xpring is just getting started: Develops new XRP mainstream adoption strategies Ripple’s XRP confluence levels Looking technically, XRP is hovering around pivotal $0.26, which is important for the short-term forecast. The longer, the coin hovers around this barrier, the worse is the technical picture. Currently, there are several important levels clustered both above and below the price; however, the way to the South seems to be the path of least resistance now. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin. Resistance levels $0.2660 – the upper line of 4-hour Bollinger Band $0.2700 – the lowest level of the previous week $0.2870 – 38.2% Fibo retracement monthly and weekly Support levels $0.2590 – the lower lines of Bollinger Bands on a daily chart, 1-hour chart, 4-hour chart and 15-min chart $0.2510 – the lowest level of the previous year, Pivot Point 1-week Support 3 $0.2430 – the lowest level of the previous month, Pivot Point 1-week Support 2. 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 The SFOX crypto market volatility report: Can China’s blockchain interest shape the future of cryptocurrencies? FX Street 3 years XRP/USD bulls lose initiative was the price breaks below $0.2600. The coin may extend the downside correction to $0.2500. Ripple's XRP extended the decline and touched $0.2571 during early Asian hours, which is the lowest level since November 15. At the time of writing, XRP/USD is changing hands at $0.2594, down 1.5% since the beginning of the day. A sustainable move below $0.2600 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses. Read also: Ripple's Xpring is just getting started: Develops new XRP mainstream adoption strategies Ripple's XRP confluence levels Looking technically, XRP is… 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.