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XRP Price Analysis: XRP/USD $0.2700-0.2650 must hold or be punished

  • XRP price is trading in negative territory, with losses of some 3.70% on Monday.
  • XRP/USD is leaning towards the downside, as following a loss of bullish momentum. 
  • The price remains vulnerable underneath the psychological $0.3000 mark.

 

XRP/USD weekly chart

The price closed another week in the red, the worst weekly performance since September 2019. 

XRP/USD daily chart 

A critical range of support should be noted at the range of $0.2700-0.2650, failure to hold could force the price down to $0.2000. 

 

Spot rate:                  0.2729

Relative change:      -3.70%

High:                          0.2851

Low:                           0.2695

 

 

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