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  • Ripple’s XRP price is trading with the red by some 1.00% in the session on Tuesday.  
  • XRP/USD is running towards its second week in the red, the bears are back within control.  
  • The price is retreating following a decent run higher from late October.  

 

XRP/USD weekly chart

XRP bears are pressing for a big retest of the $0.2500 area, a critical weekly support level.  

XRP/USD daily chart

Daily price action broke out to the downside from a critical ascending trend line of support.  

 

Spot rate:                  0.2712

Relative change:       -1.00%

High:                          0.2762

Low:                           0.2705