Search ForexCrunch
  • XRP breaks down on the short term chart.
  • Has some more pain left before a bounce.

Ripple, the crypto has broken down on the short term chart and has some more pain left in this immediate downleg before any meaningful bounce.

XRP/USD is down more than one percent on day at $0.450 tad above day’s low of $0.4486. A quick look at various intraday timeframe charts of XRP and it reveals a breadown which has some more room left on the downside, perhaps towards $0.4440.

On the slightly longer term time frame too, XRP has good enough support around $0.43, won’t be easy for bears to break past that.

XRP/USD 120-minute chart: