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XRP Price Analysis: XRP/USD is bears smash through critical $0.2650 support

  • XRP price is trading in negative territory, with losses of some 3.70% on Tuesday.
  • XRP/USD is heading for a second consecutive session in the red. 
  • The 2020 run of gains remains at risk of reversal, given critical support areas being tested. 

 

XRP/USD daily chart

Daily support areas are eyed at; $0.2500, $0.2200 and then $0.2000.

XRP/USD 60-minute chart 

The bears smashed through critical support area the $0.2650-0.2600 price range, inviting a fresh wave of selling pressure. 

 

Spot rate:                  0.2565

Relative change:      -3.20%

High:                          0.2710

Low:                           0.2559

 

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