- Ripple price on Thursday has managed to bounce back aftter the brutal attack from the market bears, seen up over 5%.
- XRP/USD bears gave the $0.3000 handle an aggressive breakdown, to send the price free falling, but finding some feet within $0.2600 region.
The Ripple price was seen down up 5.20% on Thursday, after the initial hardcore selling pressure that was seen early in Wednesday’s session and early hours of Thursday. Concerns were sparked across the market, following reports Goldman Sachs is to halt crypto desk plans.
XRP/USD failed to capitalize on a number of occasions at the back end of last month, to really build on the momentum that was behind the bulls. After it saw rejection after rejection at the $.35000 territory.
Technically, given the big break to the downside from the huge psychological level of $0.3000, it has opened the door again for a fast move back down the low $0.2000 region. Eyes werefirstly on to see if the demand area $0.25-0.26 holds up, of which it did hold its ground. The $0.3000 will now likely act as resistance.
XRP/USD 60-minute chart
Share
