- Ripple’s XRP price is trading in the green by some 1.30% in the session on Thursday.
- XRP/USD has seen a critical bounce ahead of the $0.2000 being breached to the downside.
- The next major barrier to the upside is seen at the psychological $0.2500 price mark.
XRP/USD weekly chart
The price has been falling for the past four consecutive trading weeks, having fallen from $0.3100 down to $0.2000.
XRP/USD daily chart
Price action has staged a rebound, running at three sessions in the green, after producing a hammer candlestick.
Spot rate: 0.2274
Relative change: +1.30%
High: 0.2300
Low: 0.2242
