Ken Chigbo
Independent Analyst
- Ripple's XRP price in the session on Thursday is trading with losses of some 1.45%.
- XRP/USD price action broke out to the downside from a bearish pennant structure.
- The psychological $0.2500 mark is at present being defended by buyers.
Spot rate: 0.2580
Relative change: -1.40%
High: 0.2562
Low: 0.2475
XRP/USD daily chart
- Price action has extended to the downside out from a bearish pennant structure.
XRP/USD 60-minute chart
- Buyers are actively trying to defend the psychological $0.2500 mark, but remains vulnerable.
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