Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading with the red by some 5.50% in the session on Friday.
- XRP/USD has breached an ascending channel/bearish flag via the daily.
- The failure of the bulls attempting to break $0.3000 has invited selling pressure.
XRP/USD weekly chart
XRP bears are pressing to end the five consecutive weeks of gains that the bulls had enjoyed.
XRP/USD daily chart
Price action via the daily has breached a bearish flag structure, inviting further selling pressure.
Spot rate: 0.2742
Relative change: -5.55%
High: 0.2908
Low: 0.2755
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