Ken Chigbo
Independent Analyst
- Ripple's XRP price in the second part of the session on Thursday is trading in minor negative territory, down 0.30%.
- XRP/USD price action is daily narrowing triangular structure, subject to a breakout. It will likely be trend-defining, once a breach is seen.
- The big psychological $0.3000 remains at large risk to a firm breach to the downside.
Spot rate: 0.3039
Relative change: -0.30%
High: 0.3089
Low: 0.3037
XRP/USD 60-minute chart
- Near-term ascending channel structure eyed via the 60-minute, which remains vulnerable to downside risks.
XRP/USD daily chart
- Price action is narrowing greatly within a triangular structure, subject to a near-term breakout.
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