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Ripple's XRP technical analysis: XRP/USD smashes a critical demand zone

  • Ripple's XRP price is trading in the red by some 2.35% in the session on Tuesday. 
  • XRP/USD bears have breached a critical price zone around the $0.2500 territory. 
  • Next major area of interest now is the $0.2400-0.2300 range. 

 

XRP/USD daily chart

Critical daily demand zone should be noted from $0.2600-0.2500, the bears broke out to the downside. 

XRP/USD 60-minute chart

Price has extended to the downside after smashing out of a bearish flag structure. 

Spot rate:                 0.2465

Relative change:      -2.35%

High:                         0.2532

Low:                          0.2432 

 

 

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