• Ripple’s XRP price is trading with the red by some 6.80% in the session on Thursday. 
  • XRP/USD is breaking out of a rising ascending channel via the daily view. 
  • The price failed to gather enough momentum to properly break down $0.3000. 

 

XRP/USD daily chart

The bears are testing critical supporting trend line to the downside, subject to a potential fresh wave of selling pressure. 

XRP/USD 15-minute chart

Near-term price action is moving within a bearish flag structure, subject to a breach.

 

 

Spot rate:                 0.2894

Relative change:      -6.80%

High:                         0.3149

Low:                          0.2748

 

(Excerpt) Read more Here | 2019-11-07 14:16:00
Image credit: source

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