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XRP Technical Analysis: XRP/USD make or break

XRP price was seen trading down just shy of 6% in the latter stages of Monday.
XRP/USD retesting a vital near-term bottom, which could be catastrophic if broken.

Ken Chigbo Independent Analyst

XRP/USD daily chart

Spot rate: 0.3486

Relative change: -5.52%

High: 0.3699

Low: 0.3439

Trend: Bearish

Support 1: 0.3438, daily pivot point support.

Support 2: 0.3427, 26-27th November low.

Support 3: 0.3238, monthly low.

Resistance 1: 0.3795, daily pivot point resistance.

Resistance 2: 0.3795, daily pivot point resistance.

Resistance 3: 0.3897, daily pivot point resistance.

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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