Home XRP Price Analysis: XRP/USD another wave of downside pressure imminent
Crypto News

XRP Price Analysis: XRP/USD another wave of downside pressure imminent

  • XRP price is trading in positive territory, with gains of some 2.80% on Tuesday.
  • Price action continues to move within the confinements of a bearish pennant.
  • The next major target to the south for the bears would likely be $0.1000. 

 

XRP/USD daily chart

Despite the respite from downside pressure, XRP/USD continues to remain within the confinements of a bearish pennant. 

XRP/USD 60-minute chart

Bears are making a push to the downside from a bearish flag structure via the 60-minute. 

 

Spot rate:                   0.1423

Relative change:      +2.80%

High:                          0.1528

Low:                           0.1404

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.