Ripple’s XRP Price Analysis: XRP/USD next stop $0.25
|- XRP remains firmly back within the control of the bears, no sign of bounce in sight for now.
- Eyes remain firmly on the big buying area which tracks from $0.25-0.20.
XRP has remained under pressure through the session on Monday, down a whopping 4% in the latter part of the day. Bears continue to sell any short-term rallies that are seen, bull runs are just not sustainable at all of late.
XRP/USD price is being forced to make a return to a large area of support, a big buying area, that has historically proven to see the buyers pile in. This can be seen tracking from $0.25 down to the $0.20 price range.
There isn’t much support seen until the mentioned range for XRP/USD, $0.25-0.20. It does look favorable for the bears to see the price retreat down to these levels. December 2017, August and September 2018 have proven to see buyers come in when reach these levels.
XRP/USD daily chart
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