XRP/USD $0.2450 is critical daily support, failure to hold could be punishing

• Ripple’s XRP price is trading up with gains of some 1.90% in the session on Friday. 
• XRP/USD price is moving within a bearish flag structure via the daily chart view. 
• Upside is capped at $0.2600 and downside support is seen just below at $0.2400. 

 

XRP/USD daily chart

Should the bears capitalize on the bearish flag structure, a fresh wave of selling pressure will likely come into play. 

XRP/USD 60-minute chart

Price action has managed to break out of a descending channel or bull flag structure via the 60-minute view. 

 

Spot rate:                 0.2463

Relative change:      +1.90%

High:                         0.2541

Low:                          0.2451