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XRP Price Analysis: XRP/USD enjoys some respite ahead of another potential bear attack

FX Street
Updated:

  • XRP price is trading in positive territory, with gains of some 5.70% on Thursday.

  • XRP/USD is heading for a fourth consecutive session in the red. 

  • The next major daily support is eyed at the psychological $0.2000 price mark. 

 

XRP/USD daily chart

Price action extended to the downside, running at three sessions in the red, the bulls are making an attempt to stabilize. A critical ascending trend line of support has caught the price for now.

XRP/USD 60-minute chart 

Near-term price is moving within a bearish flag structure, subject to a breakout south. 

Spot rate:                   0.2415

Relative change:      +5.70%

High:                          0.2448  

Low:                           0.2245

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