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XRP Price Analysis: XRP/USD subject to another potential harsh fall

  • XRP price is trading in positive territory, with gains of some 0.70% on Tuesday.
  • XRP/USD has been losing upside momentum within recent sessions, as the price fails to break $0.2000. 
  • The price is trading within a critical range, upside resistance at $0.2000, support at $0.1800.
XRP Price Analysis: XRP/USD subject to another potential harsh fall
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

Vulnerabilities are tilted to the downside following breakout and rest of daily bear flag. 

XRP/USD 60-minute chart

Price action is moving within a bearish flag structure via the 60-minute chart view, at risk of another breakout south. 


 

Spot rate:                   0.1833

Relative change:       +0.70%

High:                          0.1852

Low:                           0.1814

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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