Ken Chigbo
Independent Analyst
- Ripple's XRP price nursing losses in the session on Tuesday of some 1.55%.
- XRP/USD bears are penetrating vital near-term support within the $0.3000-0.2900.
- A breach of the above-mentioned can expose a fall down to the pits of $0.25-0.20.
XRP/USD 60-minute chart
Spot rate: 0.2987
Relative change: -1.35%
High: 0.3119
Low: 0.2969
Trend: Bearish
Support 1: 0.2939, daily pivot support.
Support 2: 0.2856, daily pivot point support.
Support 3: 0.2734, daily pivot point support.
Resistance 1: 0.3144, the upper part of the ascending channel.
Resistance 2: 0.3266, daily pivot point resistance.
Resistance 3: 0.3349, daily pivot point resistance.
XRP/USD daily chart
- Via the daily, price action can be seen within this tight consolidation mode, subject to a breakout to the downside.
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