- Ripple price was hammered hard on Thursday, dropping as much as 6%.
- XRP/USD bears pilled in after the price failed once again to clear resistance in the $0.35 territory.
- The bullish pennant pattern which was breached by the bulls initially, is currently be retested to the downside.
XRP/USD daily chart
Spot rate: 0.32570
Relative change: -5.51%
High: 0.34650
Low: 0.32301
Trend: Bearish
Resistance 1: 0.3500-0.3600, chunky supply zone.
Resistance 2: 0.3733, 17th August high.
Resistance 3: 0.3891, 50DMA.
Support 1: 0.3260, on top of pennant pattern.
Support 2: 0.3203, lower tracking trend line of pennant.
Support 3: 0.3134, key daily support.
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