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Ripple’s XRP price on Thursday is trading in the red, nursing losses of over 2%.
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XRP/USD bulls failed to break out from a bearish pennant structure.
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Decent demand continues to prevent the price from breaking $0.3000, upside capped at $0.3200.
Relative change: -2.10%
High: 0.3199
Low: 0.3118
XRP/USD 60-minute chart
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Price action smashed out from a narrowing range-block and has since retested.
XRP/USD daily chart
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Bearish daily pennant structure remains intact, containing price action.