Ripple's XRP technical analysis: XRP/USD $0.2450 is critical daily support, failure to hold could be punishing
|- Ripple's XRP price is trading up with gains of some 1.90% in the session on Friday.
- XRP/USD price is moving within a bearish flag structure via the daily chart view.
- Upside is capped at $0.2600 and downside support is seen just below at $0.2400.
XRP/USD daily chart
Should the bears capitalize on the bearish flag structure, a fresh wave of selling pressure will likely come into play.
XRP/USD 60-minute chart
Price action has managed to break out of a descending channel or bull flag structure via the 60-minute view.
Spot rate: 0.2463
Relative change: +1.90%
High: 0.2541
Low: 0.2451
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