XRP Price Analysis: XRP/USD bears have now broken $0.2500 as big pressure comes into play

  • XRP price is trading in negative territory, with losses of some 5.70% on Wednesday.
  • XRP/USD is heading for a third consecutive session in the red. 
  • A breakdown of $0.2500 has left the door wide open for greater downside. 

XRP/USD daily chart

Daily support areas are eyed at; $0.2200, $0.2000 and then $0.1800. 

XRP/USD 60-minute chart 

Price action is has broken out of a bearish pennant structure, leaving the door open to greater downside pressure. 

Spot rate:                  0.2382

Relative change:      -5.70%

High:                          0.2550

Low:                           0.2340

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