Ken Chigbo
Independent Analyst
- Ripple's XRP price on Thursday was hammered, trading down a chunky 6.45% in the second half of the day.
- XRP/USD bears took full control which had initially taken place in the back end of Wednesday's session.
- Given the current downside momentum, eyes are once again locked on the big $0.3000.
Spot rate: 0.3301
Relative change: -6.45%
High: 0.3541
Low: 0.3227
XRP/USD 60-minute chart
- Bears are testing a huge near-term demand area of support tracking around $0.3300. A breach could see a retest of $0.3000.
XRP/USD daily chart
- Bulls lost full control after losing ground and momentum as they tried to reclaim $0.4000.
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