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- Ripple's XRP suffers heavy losses of 3%, vulnerable to further falls.
- XRP / USD moving within a bearish standard structure, if this is violated, a new wave of selling pressure is likely to be seen.
Ripple's XRP was seen down in red on Tuesday, losing just 3% in the second half of the session. This constant downward pressure recently, is something that remains evident throughout the market.
The XRP / USD is moving into consolidation mode and continues to be subject to another downhill to the south. The price has moved into a pennant structure over the last two sessions, indicating further vulnerabilities.
Immediate support should be noted around the $ 0.3500 level. To the south, there is a demand area, which has provided assistance in the last two sessions. We see tracking from $ 0.3450 to $ 0.3300.
XRP / USD 60-minute chart
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