- Ripple’s XRP price is trading in the red by some 3.90% in the session on Thursday.
- XRP/USD continues to subject to further potential downside underneath the $0.2000.
- Vulnerabilities are tilted to the downside, as price trades under $0.2000. Next area of interest for the bears could likely be the $0.1500 price mark.
XRP/USD weekly chart
New weekly resistance should now be noted at the range of $0.2150-0.2400, likely to cause some problems for any near-term recovery.
XRP/USD daily chart
Price action has caught some minor near-term support at the $0.1800, for potential consolidation. However, bears are back in control with further moves south still possible, following the price breaking a bearish technical pennant pattern.
.
Spot rate: 0.1890
Relative change: -3.90%
High: 0.1976
Low: 0.1851
Share
