XRP/USD Technical Analysis: XRP recovers from Monday's drop but there is a resistance in sight
|- All of the major crypto's fell on Monday and XRP is trading 3.87% lower.
- The XRP/USD price hit a low of 0.2408 but has recovered some of its losses.
XRP/USD 30-Minute Chart
The 30-minute chart below shows the extent of the fall in cryptocurrencies on Monday afternoon.
XRP/USD at one stage traded 9.27% lower but now has recovered to trade only 3.87% lower at the time of writing.
There was no real catalyst for the move but some analysts have attributed the sell-off to the US Federal Reserve looking into a digital dollar.
On the chart, there is a clear resistance at 0.2567 that would need to be taken out to support a move higher.
The daily chart is still showing a clear downtrend since 0.5000 was hit on June 21st 2019.
Additional Levels
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