Ripple’s XRP technical analysis: XRP/USD bears are further pressing for devastating support breakout - Nodez News

Ripple’s XRP technical analysis: XRP/USD bears are further pressing for devastating support breakout

  • Ripple’s XRP price on Friday is trading marginally in the red, down some 0.70%.
  • XRP/USD bears are testing a critical trend line of support, which make up a bearish pennant structure.
  • The big support level should be noted at $0.2500, which if broken could be very punishing.

Spot rate: 0.2542

Relative change: -0.65%

High: 0.2561

Low: 0.2528

XRP/USD daily chart

  • Price action is moving within a bearish pennant via the daily, testing the lower support to the downside.

XRP/USD 60-minute chart

  • A lower tracking ascending trend line is seen running at the big psychological $0.2500 mark as noted.

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