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Ripple's XRP technical analysis: XRP/USD is running towards a seventh straight session of losses

  • Ripple's XRP price is trading up with marginal gains of 0.25% in the session. 
  • XRP/USD is running towards its seventh straight session of losses, as the bears maintain control. 
  • The next major area of support is eyed down at the pychological $0.2500 price mark. 

XRP/USD daily chart

Price action has been sucked back within a previously escaped narrowing daily range of $0.2800-0.2500.

XRP/USD 60-minute chart

Near-term price action appears to be vulnerable, as it moves within a bearish pennant structure. 

Spot rate:                 0.2685

Relative change:      +0.25%

High:                         0.2729

Low:                          0.2637

 

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