- Ripple’s XRP price in the session on Friday is trading firmly in the red, down some 3.50%.
- XRP/USD invited a wave of selling pressure, following a breakout from pennant structure.
- The breach of psychological $0.3000, has opened up further doors to downside pressure.
Spot rate: 0.2979
Relative change: -3.50%
High: 0.3091
Low: 0.2957
XRP/USD daily chart
- A breach of $0.3000 has left the door open to further downside pressure, with eyes on $0.2500.
XRP/USD 60-minute chart
- Price action is attempting to bottom out, but may not be seen until $0.2500.
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