Ken Chigbo
Independent Analyst
- Ripple's XRP price in the session on Thursday is trading in negative territory by some 2.25%.
- XRP/USD price action is trying to find some firmer footing, after smashing out to the downside from bearish pennant structure.
- There is a large buying area of which the price is trading within, 0.3000-0.2500 range.
Spot rate: 0.2610
Relative change: -2.15%
High: 0.2668
Low: 0.2420
XRP/USD daily chart
- Price action stabilized somewhat within a known demand area, $0.3000-0.2500, after smashing out to the downside from bearish pennant.
XRP/USD 4-hour chart
- There are signs of stabilization via the 4-hour chart, price broke out to the downside form near-term pennant.##
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