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XRP Price Analysis: XRP/USD undergoes huge dumping

  • XRP price is trading in negative territory, with losses of some 7.50% on Monday.
  • XRP/USD is running at three consecutive sessions in the red. 
  • Daily support at $0.2650 being tested by the bearish momentum. 

 

XRP/USD daily chart

The bears are back in control as the price reverses the gains seen last week. XRP/USD is now running at three consecutive sessions in the red. 

XRP/USD 60-minute chart 

XRP/USD has broken out of a bearish pennant structure via the 60-minute chart view, allowing further pressure from the sellers. 

Spot rate:                   0.2704

Relative change:       -7.50%

High:                          0.2951

Low:                           0.2696

 

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