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

FX Street

Updated: 26 Feb. 2020 | 15:12

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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