Ripple’s XRP gains in late trading on Thursday, making steps towards larger buying pressure. XRP/USD broke out of a bullish flag pattern formation, that had contained the price for around 15 sessions. Ripple’s XRP price was seen up around 1.5%, in the very latter stages of the trading session on Thursday. Much of the session saw price action as generally muted, trading flat initially, which was observed across the whole market. XRP/USD had entered consolidation mode on the 16th October, after the large surge higher on 15th October. Given this state of trading that was seen, price action had formed a bullish flag pattern, over the course of 15 trading days. Technically, the bulls have taken big steps in moving out of the above-mentioned flag pattern set up. This breach will firmly need to be capitalized on to secure, a close above is vital. Should this be seen, the door will likely remain open to further buying pressure. The first likely target would be the round psychological $0.5000 level. Support is eyed around $0.4500, just on top of the breached flag pattern. XRP/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD Technical Analysis: Euro best daily performance since September FX Street 4 years Ripple's XRP gains in late trading on Thursday, making steps towards larger buying pressure. XRP/USD broke out of a bullish flag pattern formation, that had contained the price for around 15 sessions. Ripple's XRP price was seen up around 1.5%, in the very latter stages of the trading session on Thursday. Much of the session saw price action as generally muted, trading flat initially, which was observed across the whole market. XRP/USD had entered consolidation mode on the 16th October, after the large surge higher on 15th October. Given this state of trading that was seen, price action had… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
