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Breaking: Ripple (XRP) drops 9% in just three hours after losing $0.30

  • XRP/USD is currently trading at $0.279 after losing the crucial support level at $0.30
  • XRP is down more than 7% in the last three hours as bulls struggle to find any support nearby. 
Breaking: Ripple (XRP) drops 9% in just three hours after losing $0.30
Lorenzo StroeLorenzo StroeIndependent Analyst

XRP just had a massive drop towards $0.27 after losing the crucial support level of $0.30. Bulls are now having a hard time finding support as the move up was simply too steep. XRP has lost all the gains from August 1 but bulls could attempt to see a bounce in the next 24 hours.

XRP/USD 1-hour chart

XRPUSD

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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