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  • Ripple’s XRP price is trading in the red by some 1.90% in the session on Friday.
  • XRP/USD price action remains bearish, with further moves lower still eyed, given technical behaviour.
  • The next major area to the downside is seen at $0.1500, should the $0.1800 give way to the bears.  

XRP/USD weekly chart

The price has been on the decline for going on eight weeks, having dropped as much as 45%.  

XRP/USD daily chart

Price action via the daily chart view is moving within a bearish pennant pattern, subject to a breakout south.

 

Spot rate:                 0.1875  

Relative change:       -1.00%

High:                         0.1902

Low:                           0.1846