Ripple's XRP Technical Analysis: XRP/USD reversal on the cards
|- Ripple's XRP price on Wednesday trading up with gains of some 1.45% in the second half of the session.
- XRP/USD price action via the daily on Tuesday produced a reversal hammer candlestick.
- 60-minute chart view suggests of some vulnerabilities which could force a retest of $0.3000 to the downside.
Spot rate: 0.3061
Relative change: +1.45%
High: 0.3104
Low: 0.3003
Trend: Bullish
XRP/USD 60-minute chart
- A big retest of key near-term demand zone seen via 60-minute around $0.3050, a failure to hold could trigger a chunky wave of selling pressure.
XRP/USD daily chart
- Daily candlestick at the close on Tuesday produced somewhat of a reversal hammer.
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