Ripple's XRP technical analysis: XRP/USD bears are further forcing loss of the big $0.3000 mark

  • Ripple's XRP price on Monday is trading in negative territory by 1.20%, as pressure remains on following loss of $0.3000 mark. 
  • XRP/USD is further losing ground on the big psychological $0.3000 mark. 

  • The big demand zone for XRP/USD runs from $0.3000 down to $0.2500. 

 

Spot rate:               0.2990   

Relative change:      -1.20%

High:                         0.3053

Low:                          0.2979

 

 

XRP/USD daily chart

  • Price action is moving deeper within the demand zone of $0.3000-0.2500. 

 

XRP/USD 60-minute chart

  •  Vulnerabilities point to the downside with the price underneath the $0.3000 price area. 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.