Home Forex Technical Analysis Ripple's XRP Technical Analysis: XRP/USD big trouble… – Forex Crunch

Ripple's XRP Technical Analysis: XRP/USD big trouble… – Forex Crunch

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  • XRP price in the second part of the day on Tuesday was trading within negative territory, down some 1.35%.
  • XRP/USD is forced to seek safety in a critical area of demand, $0.29-0.28 range. 
  • The psychological $0.3000 mark is a serious danger of being completely out of reach. 

Spot rate:                 0.2982

Relative change:      -1.35%

High:                        0.3032

Low:                         0.2869

Trend:                       Neutral 

XRP/USD 60-minute chart

  • Price quickly reversed after firmly breached $0.3000 area, big buyers quickly coming into defence, pin bar candlestick formed. 

XRP/USD daily chart

  • The bears are in control holding small losses for now, however on the brink of drawing much blood. 

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