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Technical Analysis

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

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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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