Home Ripple’s XRP technical analysis: XRP/USD bears hunting for big $0.2500 retest

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Ripple’s XRP technical analysis: XRP/USD bears hunting for big $0.2500 retest

FX Street

Updated: 12 Nov. 2019 | 13:52

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

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