Ripple’s XRP Price Analysis: Banana peel slip for XRP, but bulls are still hungry

  • Ripple’s XRP nursing steep losses in the session on Thursday, seen down over 4%.
  • XRP/USD bears broke out to the downside from a rising near-term ascending trend line.

 

Ripple’s XRP was seen nursing losses of just shy of 4% in the session on Thursday. As the price further cooled after from the big game-changing area of resistance, seen at $0.4000. The breakout above would likely trigger further buying incentive for the bulls.

XRP/USD price action via the 60-minute chart view, slipped to the downside from a rising trend line, which had been supporting the upside since 27th November. The price was forced to sessions lows at $0.3715.

Resistance could now likely be seen underneath that trend line, for the near-term, $0.3850. Further north, $.0.4000 territory is still yet to be conquered by the bulls. Support is seen back down at the recent bottom area of $0.3500.

 

XRP/USD 60-minute chart

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