XRP/USD critical $0.2500 is hanging on to a thread

Fibo Quantum

  • Ripple’s XRP price in the session on Thursday is trading with losses of some 1.45%.
  • XRP/USD price action broke out to the downside from a bearish pennant structure. 
  • The psychological $0.2500 mark is at present being defended by buyers. 

Spot rate:                  0.2580

Relative change:      -1.40%

High:                         0.2562

Low:                          0.2475

XRP/USD daily chart

  • Price action has extended to the downside out from a bearish pennant structure. 

XRP/USD 60-minute chart

  • Buyers are actively trying to defend the psychological $0.2500 mark, but remains vulnerable.