- Ripple’s XRP price is trading in the red by some 1.50% in the session on Thursday.
- XRP/USD is running towards its third consecutive session in the red.
- Bears are retesting the critical $0.2000 again to the downside, as near-term bull momentum is gone.
XRP/USD daily chart
The bears have forced almost a full reversal of the large spike higher seen on Monday.
XRP/USD 60-minute chart
Price action breaking out of a bearish pennant structure via the 60-minute view, inviting further downside pressure.
Spot rate: 0.2050
Relative change: -1.50%
High: 0.2086
Low: 0.2032
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