- Ripple trades 3.2% lower on Thursday as sentiment remains weak.
- The price has found some support at the 50% Fibonacci retracement level.
XRP/USD Daily Chart
Ripple is trading lower by around 3% on Thursday.
The price has found support around the 50% Fibonacci level which is close to a key support zone.
Noticeably the volume has also increased to which shows the market is backing the move lower.
If 0.25 breaks to the downside this sell-off could get much worse.
On the upside, 0.30 needs to be broken again for any sign that the bulls are back in control.
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Additional Levels
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