Home Ripple’s XRP Technical Analysis: XRP/USD bears smash through key near-term support
Crypto News

Ripple’s XRP Technical Analysis: XRP/USD bears smash through key near-term support

  • Ripple’s XRP under further pressure on Friday, dropping over 4%.
  • XRP/USD bears breached a key near-term area of support.
  • Next firm demand zone not seen now until the $0.3500 territory.

 

XRP/USD 60-minute chart

 

 

Spot rate:                                     0.3655

Relative change:               -4.25%

High:                                                   0.3840

Low:                                                      0.3730

 

Trend:                                                 Bearish

 

Support 1:                                  0.3730-10, vital near-term bottom area.

Support 2:                                    0.3700, daily pivot point support.

Support 3:                                    0.3587, daily pivot point support.

Resistance  1:                          0.3840, 60-minute resistance.

Resistance 2:                          0.3938, daily pivot point resistance.

Resistance 3:                          0.4065, daily pivot point resistance.

 

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.