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  • Ripple’s XRP  price in the second half of Monday is trading in negative territory by some 2.80%, as the bears maintain control.  
  • XRP/USD is vulnerable, as the bears’ attack and try to break down $0.3000-0.2800 support.
  • A fast move down to $0.2500-0.2000 demand zone may be forced, given current persistent downside pressure.  

 

Spot rate:                0.2934  

Relative change:      -2.80%

High:                        0.3028

Low:                         0.2915

 

XRP/USD 60-minute chart

  • Price action is narrowing within a range-block formation, also somewhat of a bearish flag.  

XRP/USD daily chart

  • Big defending underway from the range of $0.3000 down to $0.2800, last safety net ahead of a drop down to $0.25-0.2000.