Ripple Technical Analysis: XRP/USD lowest level hit since December 2017, strong bearish indicators form, evening star candlestick followed by three black crows
|- Ripple is dealing with heavy selling pressure on Monday, as price drops 3% in the early part of trading.
- XRP/USD drops to lowest levels seen since December 2017, as bears drive price lower.
- Bearish evening star candlestick seen on 60-minute chart, followed by the three black crows.
XRP/USD 60-minute chart
Relative change: -2.95%
High: 0.43707
Low: 0.42025
Trend: Bearish
Support 1: 0.42188, 22nd December low, long wick.
Support 2: 0.41000, 13th December, long wick.
Support 3: 0.35160, 13th December low, long wick.
Resistance 1: 0.43000, prior demand zone.
Resistance 2: 0.43850, 50MA.
Resistance 3: 0.44660, 100MA and supply zone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.