Ripple Technical Analysis: XRP/USD falls 5% within four hours
|- XRP/USD is down by more than 5% after another rejection at $0.30
- XRP bulls are losing some ground but overall XRP remains positive.
XRP has been under consolidation for a few days now and bulls have been unable to keep the digital asset above $0.30. Either way, buyers do have a strong support area below $0.285.
XRP/USD 1-hour chart
-637327595751297685.png){kind=link}
The nearest support level is located at $0.283 and it’s followed by $0.282 and $0.279, basically, the entire area between $0.283 and $0.279 is a robust zone of support. At the lowest, XRP could drop to $0.272, which is the low of August 2. As for resistance, bulls are still fighting to crack $0.30, a crucial resistance point before the 2020-high.
XRP/USD technical levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.