Ripple's XRP Technical Analysis: XRP/USD is in big trouble
|- Ripple's XRP price on Wednesday is trading firmly in negative territory, down a chunky 6% in the session.
- XRP/USD has already forced a breach of $0.3000 in the session today, with bears looking set for further bloodshed below.
- The price is flirting within the above-noted zone, now using as support, ahead of a potential committed breakthrough.
Spot rate: 0.3012
Relative change: -5.95%
High: 0.3011
Low: 0.2932
XRP/USD 60-minute chart
- Price action via the 60-minute chart view breaks out from bearish flag formation, consolidation period, subject to further potential downside pressure.
XRP/USD daily chart
- Big buyers defending the range of $0.3000-0.2900, preventing a free-fall for now.
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