- Ripple’s XRP price is trading with the red by some 1.50% in the session on Friday.
- XRP/USD has been forced to retest a critical price zone around the $0.2500 territory.
- The pressure to the downside has intensified since breaking out of an ascending channel structure.
XRP/USD daily chart
Critical daily demand zone should be noted from $0.2600-0.2500.
XRP/USD 60-minute chart
Near-term price action has broken out to the downside from a bearish flag pattern.
Spot rate: 0.2595
Relative change: -1.50%
High: 0.2694
Low: 0.2581