Ripple’s XRP Technical Analysis: XRP/USD bears smash through key near-term support


  • Ripple’s XRP under further pressure on Friday, dropping over 4%.
  • XRP/USD bears breached a key near-term area of support.
  • Next firm demand zone not seen now until the $0.3500 territory.

 

XRP/USD 60-minute chart

 

 

Spot rate:                    0.3655

Relative change:         -4.25%

High:                           0.3840

Low:                            0.3730

 

Trend:                         Bearish

 

Support 1:                   0.3730-10, vital near-term bottom area.

Support 2:                   0.3700, daily pivot point support.

Support 3:                   0.3587, daily pivot point support.

Resistance 1:             0.3840, 60-minute resistance.

Resistance 2:              0.3938, daily pivot point resistance.

Resistance 3:              0.4065, daily pivot point resistance.

 

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