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  • Ripple’s XRP price is trading in the red by some 1.00% in the session on Thursday.
  • XRP/USD price action is moving within another bearish technical structure, which would suggest further moves south. 
  • Should another wave of downside pressure be observed then eyes will be on $0.1500.

XRP/USD daily chart

Price action is narrowing within a bearish pennant structure via the daily chart view, potential breakout south is eyed.

 

XRP/USD 60-minute chart

A near-term ascending trend line is being tested to the downside by the market bears, a breach could invite another wave of selling. 

 

Spot rate:                 0.1900 

Relative change:      -1.00%

High:                         0.1928

Low:                          0.1900