- Ripple’s XRP price is trading in the red by some -3.20% in the session on Thursday.
- XRP/USD bullish momentum is cooling after running into strong supply, $0.2200-0.2400.
- The next major area of support to the downside is noted at $0.2000 and $0.1800.
XRP/USD daily chart
Should the bulls be able to gather enough upside momentum and break the above-noted resistance, then the price has room to push back into the psychological $0.3000 territory.
XRP/USD 60-minute chart
A near-term bearish flag can be observed via the 60-minute chart view.
Spot rate: 0.2260
Relative change: -3.20%
High: 0.2348
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