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- XRP / USD comes under heavy selling pressure in late trading on Thursday.
- Next major levels to watch; $ 0.2950, then $ 0.2500-0.2000 for support.
Ripple's XRP was seen trading down over 2.5% in the dairy part of Thursday's session. Crashed through key near-term support, exacerbating the move south.
XRP / USD has been well-supported by an ascending trend line. However, the bears forced a breach, which was seen around the $ 0.3055 level. XRP testing $ 0.3000 mark to the downside.
The next major support is eyed down at $ 0.2950, this is the recent bottom area, produced on 11th December. Any failure of this will result in a strong wave of selling pressure. The demand zone below should be noted at $ 0.2500-0.2000.
XRP / USD 60-minute chart
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