XRP Price Analysis: XRP/USD subject to another potential harsh fall
|- XRP price is trading in positive territory, with gains of some 0.70% on Tuesday.
- XRP/USD has been losing upside momentum within recent sessions, as the price fails to break $0.2000.
- The price is trading within a critical range, upside resistance at $0.2000, support at $0.1800.
XRP/USD daily chart
Vulnerabilities are tilted to the downside following breakout and rest of daily bear flag.
XRP/USD 60-minute chart
Price action is moving within a bearish flag structure via the 60-minute chart view, at risk of another breakout south.
Spot rate: 0.1833
Relative change: +0.70%
High: 0.1852
Low: 0.1814
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.