Ripple XPF: days of underperformance to continue

  • XRP to continue trading sideways and south.
  • It will not be easy to take the second biggest cryptographic tag from ETH.

Ripple's XRP, which lost its second cryptographic tag to Ethereum (again) due to its continuing underperformance against other major cryptocurrencies, remains under pressure and has a long way to go on its journey south .

The XRP / USD is up about one percentage point per day at $ 0.366 and trades in a range of around 2% for the day with very low volumes and volatility – sign of the days of sideways trading and underperformance. On the daily chart of the crypt is locked in a parallel channel inclined low, low and low downard.

On the hourly chart, in the short term it has taken the upward trend line support and is now directed towards the top, towards $ 0.40 – the upper end of the parallel channel on the daily. From there, the descending curriculum continues.

Daily XRP / USD chart:

XRP / USD 60-minute chart:

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