Ken Chigbo
Independent Analyst
- Ripple's XRP price on Wednesday is trading every so marginally in the green, gains of 0.30%.
- XRP/USD receives comfort from the reliable psychological $0.3000 price area, buyers continue to protect.
- Another retest appears to be underway of the breached ascending wedge/flag structure.
Spot rate: 0.3023
Relative change: -1.50%
High: 0.3029
Low: 0.2964
XRP/USD 60-minute chart
- Price bounces off the key near-term ascending trend line, but there is still much in the way of resistance through the $0.3000 region.
XRP/USD daily chart
- Price managed to catch some support once again around big demand zone, just under the psychological $0.3000 mark.
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