Ripple's XRP technical analysis: XRP/USD bears are sending the price down for another big test of $0.3000
|- Ripple's XRP price late in the session on Tuesday is trading in negative territory, down some 3%.
- XRP/USD bears have been retesting a bearish pennant structure to the downside, acting as support, subject to giving way to fresh selling pressure.
- The big psychological $0.3000 is vulnerable to another bout of pressure from the market bears.
Spot rate: 11,809.76
Relative change: -0.05%
High: 0.3246
Low: 0.3114
XRP/USD 60-minute chart
- A near-term trend line was breached, forcing a fresh wave of selling pressure, as seen via the 60-minute.
XRP/USD daily chart
- Bears are forcing a critical retest of breached pennant structure, now subject to potentially giving way.
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.