Connect with us

Hi, what are you looking for?

ELEVENEWS

Ripple

Ripple’s XRP Technical Analysis: XRP/USD make promising breakout of bearish pattern

  • Ripple’s XRP price is trading in the red by some 1.90% in the session on Tuesday.
  • XRP/USD price action is moving within another bearish technical structure, which would suggest further moves south. 
  • The next major area of safety to the downside remains at $0.1500. 

XRP/USD monthly chart

The price is set for another closure on the month in the red, it markets two consecutive now. As XRP heads into the new year stuck within a bearish trend, with little signs of that changing anytime soon for now. The price is sitting below critical monthly support at $0.2300. 

XRP/USD daily chart

Price action is moving within a bearish pennant via the daily, subject to a potential breakout south. 

Spot rate:                 0.1918 

Relative change:      -0.50%

High:                         0.1937

Low:                          0.1913

News Source

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews