Market Overview

XRP/USD Heading For Big $0.20 Test

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XRP/USD Heading For Big $0.20 Test
  • Ripple's XRP price is trading up with marginal gains of 1.25% in the session.
  • XRP/USD has been falling for the past six consctuctive sessions, bulls attempting to stage a rebound, but downside vulnerabilities remain. 
  • The bears forced a breach of the critical $0.2500, which leaves the door open to a $0.2000 return. 

XRP/USD daily chart
Eyes are on the big psychological $0.2000 where buyers have previously been found, failure to hold here could be very punishing.

XRP/USD 60-minute chart
Near-term price action is moving within a bearish flag structure, subject to a potential breakout.

Image Sourced from Pixabay

Posted-In: BitcoinCryptocurrency News Eurozone Forex Global Markets General

 

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