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Tech Analysis: XRP/USD Pair Dipping in the Red Zone

SAN FRANCISCO, Calif. – The XRP/USD pair is dipping in critical, with the XRP price trading in the red zone by about 3.00% during the trading session on Friday.

Ripple’s XRP price is within the bearish market controls and is expected to run towards its sixth consecutive week being in the red. XRP price attracted market players as it saw a big support test as the $0.2500 point.

XRP/USD Weekly Chart

Tech Analysis XRPUSD Pair Dipping in the Red Zone_1

After a bullish sentiment lost momentum back in October, the price of XRP signals a second consecutive week of being in the red, as shown in the chart below.

XRP/USD Daily Chart

Tech Analysis XRPUSD Pair Dipping in the Red Zone_1

After the critical upward trend line breaks, the sentiment has been very much on the downtrend for the XRP.

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