Ripple's XRP technical analysis: XRP/USD persisting vulnerabilities of a potential $0.2000 breach
- Ripple's XRP price is trading in the red by some 0.30 % in the session on Tuesday.
- XRP/USD bears are pressing for a big test of the $0.2000 price mark.
- The price is running towards a third potential consecutive session in the red.
XRP/USD weekly chart
The price is trading towards its fourth consecutive weekly in the red.
XRP/USD daily chart
Price action formed a potential reversal hammer candlestick, but bull must follow up with a green daily candle closure.
Spot rate: 0.2528
Relative change: -0.30%
High: 0.2223
Low: 0.2014
Author
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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