XRP Price Analysis: XRP/USD bears have now broken $0.2500 as big pressure comes into play
|- XRP price is trading in negative territory, with losses of some 5.70% on Wednesday.
- XRP/USD is heading for a third consecutive session in the red.
- A breakdown of $0.2500 has left the door wide open for greater downside.
XRP/USD daily chart
Daily support areas are eyed at; $0.2200, $0.2000 and then $0.1800.
XRP/USD 60-minute chart
Price action is has broken out of a bearish pennant structure, leaving the door open to greater downside pressure.
Spot rate: 0.2382
Relative change: -5.70%
High: 0.2550
Low: 0.2340
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.