Home Ripple Ripple's XRP technical analysis: XRP/USD smashed by the bears, only $0.3000 can potentially save total bloodshed now – FXStreet

Ripple's XRP technical analysis: XRP/USD smashed by the bears, only $0.3000 can potentially save total bloodshed now – FXStreet

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  • Ripple’s XRP price on Thursday is trading deeply in the red by some 7.10% in the second half of the day.
  • A fresh wave of selling pressure really kicked in after the bears manage to breakdown $0.4000 earlier in the week. 
  • Via the daily chart view, a critical ascending trend line was breached by the bears, inviting another wave of selling pressure. 

Spot rate:                 0.3346

Relative change:      -7.10%

High:                        0.3625

Low:                         0.3179

XRP/USD 60-minute chart

  • Bearish pennant was breached via the 60-minute chart, another bearish flag can be seen. 

XRP/USD daily chart

  • The critical daily trend line was breached earlier in the week, opening the door to a fresh wave of selling pressure. 

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