Ripple’s XRP  technical analysis: XRP/USD four consecutive sessions of losses and now bull can be seen

• Ripple’s XRP price on Thursday is trading marginally in the red, down some 1.50%.  
• XRP/USD is flirting with the big $0.2500 territory, buyers are trying to heavily defend.  
• The daily bearish pennant structure remains intact for now, as price further narrows.  

Spot rate:                  0.2542

Relative change:       -0.65%

High:                          0.2561

Low:                           0.2511

XRP/USD daily chart

• The price remains under pressure, it has been heading south for the past four consecutive sessions.  

XRP/USD 60-minute chart

• Bears are in control as the price continues to produce lower highers, the near-term minor rallies are being quickly sold.