Ripple's XRP Technical Analysis: XRP/USD bears locked in on make or break demand area
|- XRP dealt another blow on Monday nursing losses over 2% into the session.
- Eyes are firmly locked in for another potential drop down to $0.25-0.20 price range.
- Big buying has previously been observed in the mentioned zone, this is the next major area of support.
- American Express general manager of corporate payments, Carlos Carriedo, was praising the speed of Ripple's technology for payments.
Spot rate: 0.3068
Relative change: -2.25%
High: 0.3182
Low: 0.3055
Trend: Bearish
Support 1: 0.3020, daily pivot point support.
Support 2: 0.2901, daily pivot point support.
Support 3: 0.2788, daily pivot point support.
Resistance 1: 0.3252, daily pivot point resistance.
Resistance 2: 0.3366, daily pivot point resistance.
Resistance 3: 0.3485, daily pivot point resistance.
XRP/USD weekly chart
- Price continues to flirt at lowest levels seen since December 2017, during the big bull run at the end of the year.
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