Ken Chigbo
Independent Analyst
- XRP price is trading in positive territory, with gains of some 5.70% on Thursday.
-
XRP/USD is heading for a fourth consecutive session in the red.
-
The next major daily support is eyed at the psychological $0.2000 price mark.
XRP/USD daily chart
Price action extended to the downside, running at three sessions in the red, the bulls are making an attempt to stabilize. A critical ascending trend line of support has caught the price for now.
XRP/USD 60-minute chart
Near-term price is moving within a bearish flag structure, subject to a breakout south.
Spot rate: 0.2415
Relative change: +5.70%
High: 0.2448
Low: 0.2245
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