XRP/USD large vulnerabilities to the downside remain

Fibo Quantum

  • 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

XRP/USD daily chart