XRP/USD bearish flag structure subject to a potential breakout

• Ripple’s XRP price is trading up with minor losses of some -0.80% in the session on Thursday. 
• XRP/USD price is moving within a bearish flag structure via the daily chart view. 
• The price has recently produced a bottom area at $0.2450, as daily support. 

 

XRP/USD daily chart

Should the bears capitalize on the bearish flag structure, eyes will be on a return down to $0.2000. 

XRP/USD 60-minute chart

Price action is narrowing within a near-term triangular structure, support tracking at $0.2480, resistance noted at $0.2520. 

Spot rate:                 0.2463

Relative change:      -1.40%

High:                         0.2542

Low:                          0.2465