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Ripple's XRP technical analysis: XRP/USD persisting vulnerabilities of a potential $0.2000 breach

  • Ripple's XRP price is trading in the red by some 0.30 % in the session on Tuesday. 
  • XRP/USD bears are pressing for a big test of the $0.2000 price mark. 
  • The price is running towards a third potential consecutive session in the red. 

 

XRP/USD weekly chart

The price is trading towards its fourth consecutive weekly in the red.

XRP/USD daily chart

Price action formed a potential reversal hammer candlestick, but bull must follow up with a green daily candle closure. 

Spot rate:                 0.2528

Relative change:      -0.30%

High:                         0.2223

Low:                          0.2014

 

 

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