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- Ripple's XRP fell slightly above 1% in Thursday's session, in a consolidation phase.
- The XRP / USD price action has formed a bearish pennant model, which is subject to another bearish breakout.
- Key short-term support levels should be noted at $ 0.4400 and then at 0.4100-0.4000.
XRP / USD 60-minute chart
Spot rate: 0.4437
Relative change: -1.19%
High: 0.4641
Low: 0.4146
Trend: bearish
Support 1: 0.4400, lower trend line of the pennant.
Support 2: 0.4204, daily support of the articulation point.
Support 3: 0.3927, daily support of the articulation point.
Resistance 1: 0.4492, upper trend line of the pennant.
Resistance 2: 0.4699, resistance to the daily rotation point.
Resistance 3: 0.4917, daily resistance of the articulation point.
XRP / USD 4-hour chart display
- The vulnerabilities shown here, a potential breakout could be seen forcing a new test of the vital demand zone around $ 0.4100-0.4000.
