Ripple’s XRP is slammed drops around 6% in the past two hours of trading on Monday. As reported this morning, XRP/USD had initially formed a bullish technical set up, however bulls failed to capitalize on this. Failed bullish set up. Ripple’s XRP cam under some heavy selling pressure into the second half of the session on Monday. The price at the early part of the day was initially trading steady, trading marginally in positive territory. XRP/USD price action after the chunky gains on Sunday, consolidated somewhat and had formed a bullish pennant pattern. This set up was seen via the 60-minute chart view, which has since completely failed and now under pressure. Next major support area is eyed around $0.3400-0.3300, should the current momentum continue south. This is where a demand zone can be seen, having last assisted the price in the session yesterday – Sunday. 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 Gold Technical Analysis: Descending triangular formation points to some near-term weakness FX Street 4 years Ripple's XRP is slammed drops around 6% in the past two hours of trading on Monday. As reported this morning, XRP/USD had initially formed a bullish technical set up, however bulls failed to capitalize on this. Failed bullish set up. Ripple's XRP cam under some heavy selling pressure into the second half of the session on Monday. The price at the early part of the day was initially trading steady, trading marginally in positive territory. XRP/USD price action after the chunky gains on Sunday, consolidated somewhat and had formed a bullish pennant pattern. This set up was seen… 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.
