- Ripple's XRP price on Thursday is trading heavily in the red by some 9%.
- XRP/USD price action broke out from a bearish pennant structure and is heading for a retest.
- The bulls ran into a heavy supply area within the big pychological $0.3000 price mark.
Spot rate: 0.2863
Relative change: -9.05%
XRP/USD daily chart
- A harsh rejection was seen after the bulls had led the price back into the $0.3000 territory.
XRP/USD 60-minute chart
- Via the 60-minute chart view, a demand zone can be seen running from $0.2900 - 0.2850, preventing further selling pressure.
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