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Ripple XRP Price Analysis: XRP / USD has the ultimate protection, with a return of $ 0.25

  • 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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