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  • Ripple’s XRP  price in the second part of the session on Thursday is trading in minor negative territory, down 0.30%.  
  • XRP/USD price action is daily narrowing triangular structure, subject to a breakout. It will likely be trend-defining, once a breach is seen.  
  • The big psychological $0.3000 remains at large risk to a firm breach to the downside.  

 

Spot rate:                  0.3039

Relative change:      -0.30%

High:                         0.3089

Low:                          0.3037

XRP/USD 60-minute chart

  • Near-term ascending channel structure eyed via the 60-minute, which remains vulnerable to downside risks.  

XRP/USD daily chart

  • Price action is narrowing greatly within a triangular structure, subject to a near-term breakout.