XRP/USD four consecutive sessions of losses and now bull can be seen

  • Ripple’s XRP price on Thursday is trading marginally in the red, down some 1.50%. 
  • XRP/USD is flirting with the big $0.2500 territory, buyers are trying to heavily defend. 
  • The daily bearish pennant structure remains intact for now, as price further narrows. 

Spot rate:                 0.2542

Relative change:      -0.65%

High:                         0.2561

Low:                          0.2511

XRP/USD daily chart

  • The price remains under pressure, it has been heading south for the past four consecutive sessions. 

XRP/USD 60-minute chart

  • Bears are in control as the price continues to produce lower highers, the near-term minor rallies are being quickly sold. 

Crypto Destroyer

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