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Ripple’s XRP Technical Analysis: XRP/USD  big trouble looms

  • XRP price in the second part of the day on Tuesday was trading within  negative  territory, down some 1.35%.
  • XRP/USD is forced to seek safety in a critical area of demand, $0.29-0.28 range.  
  • The psychological  $0.3000 mark is a serious danger of being completely out of reach.  

 

Spot rate:                  0.2982

Relative change:       -1.35%

High:                         0.3032

Low:                          0.2869

 

Trend:                        Neutral  

XRP/USD 60-minute chart

  • Price quickly reversed after firmly breached $0.3000 area, big buyers quickly coming into defence, pin bar candlestick formed.  

XRP/USD daily chart

  • The bears are in control holding small losses for now, however on the brink of drawing much blood.  

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