Price Analysis: XRP/USD Extending Losses Below $0.4800

Key Highlights

  • XRP price is under a lot of pressure below the $0.4900 and $0.4950 resistance levels against the US dollar.
  • This week’s followed crucial bearish trend line is intact with resistance at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair remains at a risk of more losses as long as it is below the $0.4900 and $0.5000 levels.

XRP price is slowly moving lower against the US Dollar and Bitcoin. XRP/USD may accelerate declines once it breaks the $0.4600 support area.

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