- Ripple’s XRP price is trading up with marginal gains of 1.00% in the session.
- XRP/USD has managed to stabilize after taking a beating over the last week and a half, ending the sixth straight sessions of losses.
- A rejection at $0.2500 could be very punishing for XRP, the next target would naturally be $0.2000.
XRP/USD daily chart
The price is retesting the breached prior support at $0.2500, a rejection could bring back into play $0.2000.
XRP/USD 60-minute chart
Price action is subject to downside risks as it moves within a bearish flag structure.
Spot rate: 0.2373
Relative change: +1.25%