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Ripple's XRP technical analysis: XRP/USD bears in full control underneath $0.2000

  • Ripple's XRP price is trading in the red by some 5.10% in the session on Tuesday.
  • XRP/USD price action remains vulnerable to further downside risks, after breaching $0.2000.
  • Next area of interest for the bears could likely be the $0.1500 price mark. 
Ripple's XRP technical analysis: XRP/USD bears in full control underneath $0.2000
Ken ChigboKen ChigboIndependent Analyst

XRP/USD weekly chart

Price action is largely tilted to the south, with the price declining for some seven consecutive weeks, eyes on $0.1500.

XRP/USD daily chart

A fresh wave of selling came into play following the critical daily support breakdown at $0.2150.

. 

Spot rate:                 0.2230    

Relative change:      -5.10%

High:                         0.2057

Low:                          0.1898

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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