Ripple's XRP Technical Analysis: XRP/USD big trouble looms
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- XRP price in the second part of the day on Tuesday was trading within negative territory, down some 1.35%.
- XRP/USD is forced to seek safety in a critical area of demand, $0.29-0.28 range.
- The psychological $0.3000 mark is a serious danger of being completely out of reach.
Spot rate: 0.2982
Relative change: -1.35%
High: 0.3032
Low: 0.2869
Trend: Neutral
XRP/USD 60-minute chart
- Price quickly reversed after firmly breached $0.3000 area, big buyers quickly coming into defence, pin bar candlestick formed.
XRP/USD daily chart
- The bears are in control holding small losses for now, however on the brink of drawing much blood.
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