Ripple’s XRP technical analysis: XRP/USD consolidates outside bearish flag

FX Street

Published date: 31 Oct. 2019 | 16:32

Ripple’s XRP price is trading with the red by some 0.45% in the session on Thursday.
XRP/USD is moving above and below the big psychological $0.3000,
The price has not comfortable traded within the $0.3000 region since mid-August.

XRP/USD daily chart

The price is consolidating underneath a breached flag structure, vulnerabilities are tilted to the downside.

XRP/USD 60-minute chart

Price action is moving within a narrowing range-block formation, subject to a potential breakout.

Spot rate: 0.2940

Relative change: -0.45%

High: 0.2990

Low: 0.2882

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