XRP / USD big test of critical demand zones

  • Ripple's XRP price in session on Thursday is trading in negative territory by some 2.25%.
  • XRP / USD price action is trying to find some firmer footing, after smashing out to the bottomside from bearish pennant structure.
  • There is a large buying area of ​​which the price is within, 0.3000-0.2500 range.

Spot rate: 0.2610

Relative change: -2.15%

High: 0.2668

Low: 0.2420

XRP / USD daily chart

  • Price action stabilized somewhat within a known demand area, $ 0.3000-0.2500, after smashing out to the downside from bearish pennant.

XRP / USD 4-hour chart

  • There are signs of stabilization via the 4-hour chart, near-term pennant form.
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