Ripple's XRP Technical Analysis: XRP/USD may return to $0.2500-0.2000 trading range
|- Ripple's XRP price in the second half of Monday is trading in negative territory by some 2.80%, as the bears maintain control.
- XRP/USD is vulnerable, as the bears' attack and try to break down $0.3000-0.2800 support.
- A fast move down to $0.2500-0.2000 demand zone may be forced, given current persistent downside pressure.
Spot rate: 0.2934
Relative change: -2.80%
High: 0.3028
Low: 0.2915
XRP/USD 60-minute chart
- Price action is narrowing within a range-block formation, also somewhat of a bearish flag.
XRP/USD daily chart
- Big defending underway from the range of $0.3000 down to $0.2800, last safety net ahead of a drop down to $0.25-0.2000.
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