- XRP/USD trades 3% lower today as the crypto market turns bearish again.
- The 0.2180 previous wave low support level will now be in focus.
XRP/USD 1-Hour Chart – Market holds under 0.22
Ripple is looking bearish today and on the hourly chart the previous wave low is under threat.
On the chart there is also a converging channel line to be aware of for support.
The market has rejected the lows and pushed up higher over 2 candles but this happens in cryptos watch out for a break.
XRP/USD Daily Chart
This is how the level looks on the daily chart and if the wave low breaks it could open up a move to the lows near the 0.20 psychological level.
A move beyond that point to take Ripple to new lows. The price is really in a tough zone at the moment.