Home Ripple’s XRP Technical Analysis: XRP/USD bull flag structure eyed despite daily losses
Crypto News

Ripple’s XRP Technical Analysis: XRP/USD bull flag structure eyed despite daily losses

  • Ripple’s XRP price on Thursday is trading in negative territory, nursing losses over 2%.  
  • XRP/USD daily chart view is moving within somewhat of a bullish flag structure, as the price cools.  
  • The $0.3000 remains under consistent daily threat by the bears, as they look to force the price down to the next major demand zone $0.2500.  

 

Spot rate:                   0.2986

Relative change:       -2.15%

High:                          0.3039

Low:                           0.2971

XRP/USD 60-minute chart

  • Big price defending around the $0.3000-0.2850 region can be observed via the 60-minute.  

XRP/USD daily chart

  • Price action via the daily is moving within the confinements of a bullish flag structure.  

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.