- Ripple’s XRP price on Thursday is trading firmly in the red by a chunky 9%.
- XRP/USD suffered a big hammer blow, after attempting to retest the $0.5000 area on Wednesday.
- Given downside pressure, once again the psychological $0.4000 mark will be eyed for a potential retest.
Spot rate: 0.4215
Relative change: -9.05%
High: 0.4656
Low: 0.4078
XRP/USD 15-minute chart
- Price action via the 15-minute chart view is moving within a bearish pennant structure, subject to a potential breach.
XRP/USD daily chart
- XRP bulls failed to reclaim the $0.5000 mark, market another failure following the push higher over the weekend.
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