Ripple's XRP technical analysis: XRP/USD bulls are one push from greater heights
|- Ripple's XRP price is trading down with losses of some 4.20% in the session on Thursday.
- XRP/USD bulls failed to breakdown the chunky barrier of resistance around the $0.2800-0.2900 area.
- Price action can be seen moving within an ascending channel structure, which could be also viewed as a bearish flag.
XRP/USD daily chart
The bulls so far have faltered at the barrier of $0.2800-0.2900, which could prove to be a problem by inviting sellers to come into play.
XRP/USD 60-minute chart
Support will likely be sought below at the ascending trend line seen via the 60-minute.
Spot rate: 0.2815
Relative change: -4.20%
High: 0.2825
Low: 0.2660
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.