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  • 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.