Ripple’s XRP technical analysis: Bearish outlook after failed attempt to reclaim $0.3000

Main points to consider today.

• Ripple’s XRP price on Tuesday is trading in negative territory and is down by nearly 4%.
• XRP/USD looks bearish after a failed attempt to reclaim the big psychological $0.3000 mark.
• If current support at $0.2600 is broken on high momentum, expect price to go further down.

XRP/USD 1 Hour Chart

Ripple is experiencing pressure from the sellers today, together with current trading volume and candlestick formation (without long tails) it most likely will result in further downtrend.

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