Search ForexCrunch
  • Ripple’s XRP price on Friday is trading in the red, down some 0.50%.  
  • XRP/USD price action is moving within consolidation mode, having formed another bearish pennant structure. Price the appears vulnerable to downside risks.
  • Buyers are heavily trying the defend the $0.2500 mark, failure to do so could open the door to a strong wave of selling pressure.
  • Should the bears force a breach the narrowing conditions, then the next major demand zone is seen down at $0.2000.

Spot rate:                 0.2553

Relative change:       -0.50%

High:                         0.2573

Low:                           0.2527

XRP/USD daily chart

  • Price action moving within a bearish pennant structure, conditions a very narrow, with a potential breakout nearing.

XRP/USD 60-minute chart

  • The price is stuck within a mundane range, to a high of $0.2600, a low of $0.2500.