Ken Chigbo
Independent Analyst
- Ripple's XRP price on Thursday is trading in negative territory, nursing losses over 2%.
- XRP/USD daily chart view is moving within somewhat of a bullish flag structure, as the price cools.
- The $0.3000 remains under consistent daily threat by the bears, as they look to force the price down to the next major demand zone $0.2500.
Spot rate: 0.2986
Relative change: -2.15%
High: 0.3039
Low: 0.2971
XRP/USD 60-minute chart
- Big price defending around the $0.3000-0.2850 region can be observed via the 60-minute.
XRP/USD daily chart
- Price action via the daily is moving within the confinements of a bullish flag structure.
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