Ripple’s XRP late on Thursday is trading down some 1%, after a session once again controlled by the bears. XRP/USD bears continue to test the lower critical support of an ascending channel formation via the daily chart view. Ripple’s XRP price in the latter part of trading on Thursday is trading with losses of around 1%. It has been another session of limited price action, however XRP appears to be closer to a breakout, given the extreme narrowing in price action. XRP/USD continues to move within an ascending channel structure, as seen via the daily chart view. The price is very much magnetized to the lower acting trend line of the pattern. The consistent testing of this could be a building of momentum ahead of an explosive move to follow. Technically, there are some decent barriers of support to the downside looking via the confluence detector; $0.3116, daily 50SMA, monthly 61.8% Fibonacci, $0.3083, weekly 38.2% Fibonacci, $0.2985, weekly pivot point support, daily pivot point support. XRP/USD daily confluence 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 BCH/USD market overview: BCH/USD goes up by 3% as bulls take over the market FX Street 4 years Ripple's XRP late on Thursday is trading down some 1%, after a session once again controlled by the bears. XRP/USD bears continue to test the lower critical support of an ascending channel formation via the daily chart view. Ripple's XRP price in the latter part of trading on Thursday is trading with losses of around 1%. It has been another session of limited price action, however XRP appears to be closer to a breakout, given the extreme narrowing in price action. XRP/USD continues to move within an ascending channel structure, as seen via the daily chart view. The price… 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.
