Ripple's XRP technical analysis: XRP/USD consolidates outside bearish flag

  • Ripple's XRP price is trading with the red by some 0.45% in the session on Thursday. 
  • XRP/USD is moving above and below the big psychological $0.3000, 
  • The price has not comfortable traded within the $0.3000 region since mid-August. 

 

XRP/USD daily chart

The price is consolidating underneath a breached flag structure, vulnerabilities are tilted to the downside. 

 

XRP/USD 60-minute chart

Price action is moving within a narrowing range-block formation, subject to a potential breakout. 

 

Spot rate:                 0.2940

Relative change:      -0.45%

High:                         0.2990

Low:                          0.2882

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.