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- Ripple's XRP was a hit on Thursday, reporting strong losses of around 3%.
- The XRP / USD forced a bearish breakout from a rising uptrend line, opening the door for larger sales.
15-minute XRP / USD chart
- The bears force the price to break down from a rising trend line in short-term support.
Spot rate: 0.3608
Relative change: -3.25%
High: 0.3857
Low: 0.3608
Trend: bearish
Support 1: 0.3670, daily support of the articulation point.
Support 2: 0.3545, daily support of the articulation point.
Support 3: 0.3451, daily support of the articulation point.
Resistance 1: 0.3890, resistance to the daily rotation point.
Resistance 2: 0.3983, resistance to the daily rotation point.
Resistance 3: 0.4109, resistance at the daily articulation point.
XRP / USD 60-minute chart
- Price action broke a fundamental short-term trend line, took for now a short-term supply, possible breakout and test again.
Daily XRP / USD chart
- XRP / USD in the daily time period is testing another down-trend downward trendline.
