Ripple's XRP Technical Analysis: XRP/USD if $0.32 is broken, there will be a total bloodshed

  • Ripple XRP is trading down 2.8% in the latter part of Thursday's session.
  • XRP/USD bears are penetrating $0.3200 to the downside. This is the recent bottom area.
  • A breach of the $0.3200 level will see a likely fall towards $0.2500 price territory.

 

XRP/USD daily chart


 

 

Spot rate:                  0.3270

Relative change:      -2.80%

High:                         0.3440

Low:                          0.3270

 

Trend:                        Bearish

 

Support 1:                  0.3244, daily pivot point support.

Support 2:                  0.3132, daily pivot point support.

Support 3:                  0.3000, psychological support. 

Resistance 1:             0.3479, daily pivot point resistance.

Resistance 2:             0.3591, daily pivot point resistance.

Resistance 3:             0.3652, daily pivot point resistance.

 

XRP/USD 60-minute chart

  • XRP/USD price action via the 60-minute chart view can be seen moving within descending channel pattern. 

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