XRP Price Prediction: XRP/USD is in trouble of giving up $0.3000
|- XRP price is back within the control of the market bears, nursing losses of some 1% in the session.
- XRP/USD slammed crashes out of a rising channel formation, testing the big $0.3000 mark to the downside.
XRP price in the second half of Monday nursing losses of some 1%, market bears regain control of downside momentum. XRP/USD is running at its second consecutive session in the red, as the crypto market further cools following key support breakouts.
XRP/USD retested the big psychological $0.3000 mark to the downside, however decent near-term buying kicked in to prevent a breach below. Downside momentum has been observed since support gave way, this was part of an ascending wedge formation, via the daily chart view.
Technically, given the above-noted support breach, market bears are likely to further capitalize on this. Immediate comfort is eyed at the $0.3000 mark, should this fail to hold then chunky demand runs from $0.3000 down to the $0.2500 region.
XRP/USD daily chart
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