Ripple's XRP technical analysis: XRP/USD bears looking to take full control
|- Ripple's XRP price is trading with the red by some 2.20% in the session on Monday.
- XRP/USD is running towards its second week in the red, after being on a five-week run higher.
- The failure of the bulls attempting to break $0.3000 invited the strong selling pressure.
XRP/USD weekly chart
XRP bears are pressing back down towards a huge demand zone, $0.2600-0.2400 as seen via the weekly.
XRP/USD daily chart
Price action has smashed out to the downside from an ascending channel structure.
Spot rate: 0.2730
Relative change: -2.20%
High: 0.2810
Low: 0.2719
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