- 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%