Home Ripple’s XRP  technical analysis: XRP/USD bearish flag structure subject to a potential breakout
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Ripple’s XRP  technical analysis: XRP/USD bearish flag structure subject to a potential breakout

  • Ripple’s XRP price is trading up with minor losses of some -0.80% in the session on Thursday.  
  • XRP/USD price is moving within a bearish flag structure via the daily chart view.  
  • The price has recently produced a bottom area at $0.2450, as daily support.  

 

XRP/USD daily chart

Should the bears capitalize  on the bearish flag structure, eyes will be on a return down to $0.2000.  

XRP/USD 60-minute chart

Price action is narrowing within a near-term triangular structure, support tracking at $0.2480, resistance noted at $0.2520.  

Spot rate:                  0.2463

Relative change:       -1.40%

High:                          0.2542

Low:                           0.2465

 

 

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