- 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.