Ken Chigbo
Independent Analyst
- 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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