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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.

Disclaimer: Markets, instruments and advices on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. Ripplecoinnews does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Investing in Cryptocurrencies involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Arthur Webb: passionate about how technology can empower people to create a more just and sustainable world.

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