Ripple's XRP Technical Analysis: XRP/USD may return to $0.2500-0.2000 trading range
05/16/2019, 04:42:38
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Spot rate: 0.2934 Relative change: -2.80% High: 0.3028 Low: 0.2915 XRP/USD 60-minute chart Price action is narrowing within a range-block formation,

  • Ripple's XRP price in the second half of Monday is trading in negative territory by some 2.80%, as the bears maintain control. 
  • XRP/USD is vulnerable, as the bears' attack and try to break down $0.3000-0.2800 support.
  • A fast move down to $0.2500-0.2000 demand zone may be forced, given current persistent downside pressure. 
  • Ripple's XRP price in the second half of Monday is trading in negative territory by some 2.80%, as the bears maintain control. 
  • Ripple's XRP price in the second half of Monday is trading in negative territory by some 2.80%, as the bears maintain control. 
  • XRP/USD is vulnerable, as the bears' attack and try to break down $0.3000-0.2800 support.
  • XRP/USD is vulnerable, as the bears' attack and try to break down $0.3000-0.2800 support.
  • A fast move down to $0.2500-0.2000 demand zone may be forced, given current persistent downside pressure. 
  • A fast move down to $0.2500-0.2000 demand zone may be forced, given current persistent downside pressure. 

     

    Spot rate:               0.2934 

    Relative change:     -2.80%

    High:                       0.3028

    Low:                        0.2915

     

     

    XRP/USD 60-minute chart

    XRP/USD 60-minute chartXRP/USD 60-minute chart
    • Price action is narrowing within a range-block formation, also somewhat of a bearish flag. 
  • Price action is narrowing within a range-block formation, also somewhat of a bearish flag. 
  • Price action is narrowing within a range-block formation, also somewhat of a bearish flag. 

    XRP/USD daily chart

    XRP/USD daily chartXRP/USD daily chart
    • Big defending underway from the range of $0.3000 down to $0.2800, last safety net ahead of a drop down to $0.25-0.2000.
  • Big defending underway from the range of $0.3000 down to $0.2800, last safety net ahead of a drop down to $0.25-0.2000.
  • Big defending underway from the range of $0.3000 down to $0.2800, last safety net ahead of a drop down to $0.25-0.2000.