Ripple's XRP technical analysis: XRP/USD fresh wave of selling pressure following flag breach
|- Ripple's XRP price is trading in the red by some 2.80% in the session on Monday.
- XRP/USD is at risk of a fall down to $0.2000, a breach could be very punishing.
- Price action has smashed out of a bearish flag structure, as seen via the daily.
XRP/USD weekly chart
The price is running at five consecutive weeks in the red, critical weekly support was breached at $0.2350.
XRP/USD daily chart
Price action has smashed out to the downside from a bearish flag structure, inviting a fresh wave of downside pressure.
Spot rate: 0.2195
Relative change: -2.70%
High: 0.2270
Low: 0.2179
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