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  • XRP price in early part of Tuesday is seen nursing losses of some 1%.
  • Price action via the 60-minute chart view for XRP/USD remains worrying, given bearish pennant formation.  
  • Bears appear to want that push for the $0.30-0.25 price region.  

 

XRP/USD 60-minute chart  

 

 
 

Spot rate:                   0.3562

Relative change:       -1.06%

High:                          36.38

Low:                           35.19

 

Trend:                         Bearish

 

Support 1:                   0.3510, lower part of pennant.  

Support 2:                   0.3361, daily pivot point support.

Support 3:                   0.3128, daily pivot point support.

Resistance 1:              0.3800, upper part of pennant.  

Resistance  2:              0.3885, daily pivot point resistance.

Resistance  3:              0.4147, daily pivot point resistance.

 

XRP/USD daily chart

  • XRP/USD price looks set to be dragged down deep towards next major area $0.3000-0.2500.