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- Ripple's XRP is back under pressure once again on Friday, with service losses of 2.7%.
- The key price areas to note are; $ 0.4100-0.4000, then $ 0.3800 (low area October 11-12). Further south, the eyes would be at $ 0.3000-0.2500.
Ripple's XRP continues to bleed on Friday, down 2.7% in the second half of the trading session. XRP / USD takes up the strong bearish trend, giving no indication on this change soon. Bears continue to test short-term life support, from $ 0.4100 to 0.4000.
Friday's candelabra has surpassed an upward trendline. This leaves the door open to another wave of selling pressure. Currently it is trading at the lowest level seen from 14 to 15 October.
If the $ 0.4100-0.4000 area does not hold up, you will most likely see a quick reduction of up to $ 0.3800. This is the next major support area, low area between 11 and 12 October. If the bearish momentum keeps its current course, then it could force a break, seeing a deep drop to $ 0.3000-0.2500, XRP / USD traded the last time here on September 12th.
Daily XRP / USD chart
