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Ripple's XRP technical analysis: XRP/USD weekly chart remains largely bearish

  • Ripple's XRP price is trading in the green by some 0.15% in the session on Friday.
  • XRP/USD price action via the weekly chart view remains largely tilted to the downside. 
  • The price is running at its five consecutive weeks trading in the red. 
Ripple's XRP technical analysis: XRP/USD weekly chart remains largely bearish
Ken ChigboKen ChigboIndependent Analyst

XRP/USD weekly chart

The next major weekly support to the downside is eyed at $0.2000. 

XRP/USD daily chart

A bearish pennant can be eyed via the daily, but also a double bottom formation. 

Spot rate:                 0.2223

Relative change:      +0.15%

High:                       0.2250  

Low:                        0.2197

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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