Ken Chigbo
Independent Analyst
- Ripple's XRP price on Thursday is trading in very minor positive territory up some 0.05%, as the greater market corrects.
- XRP/USD gradually giving back the gains as the price further cooling following the big run north on Tuesday and Wednesday.
- The price is subject to falling back within the narrowing range-block, which the bulls had managed to escape.
Spot rate: 0.3400
Relative change: +0.05%
High: 0.3496
Low: 0.3364
XRP/USD 60-minute chart
- XRP/USD is floating in no-mans land, the next major area of support is back now at the prior narrow range. Seen below:
XRP/USD daily chart
- Price subject to falling back within the narrowing mundane trading range which the bulls managed to escape on Tuesday.
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