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Ripple’s XRP technical analysis: XRP/USD large vulnerabilities to the downside remain

FX Street

Updated: 1 Aug. 2019 | 15:57

Ripple’s XRP price on Thursday is trading in the red, nursing losses of over 2%.
XRP/USD bulls failed to break out from a bearish pennant structure.
Decent demand continues to prevent the price from breaking $0.3000, upside capped at $0.3200.

Spot rate: 0.3131

Relative change: -2.10%

High: 0.3199

Low: 0.3118

XRP/USD 60-minute chart

Price action smashed out from a narrowing range-block and has since retested.

XRP/USD daily chart

Bearish daily pennant structure remains intact, containing price action.

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