Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading up with minor losses of some -0.80% in the session on Wednesday.
- XRP/USD price is heading back for a retest of a breached pennant structure.
- Critical demand zone should be noted at the range of $0.2400-0.2300, where the price bottomed between 25-29 September.
XRP/USD daily chart
The price is heading back towards a retest of a breached pennant structure, failure to hold could be punishing.
XRP/USD 60-minute chart
A lower ascending trend line can be seen not far below as support, tracking at $0.2400.
Spot rate: 0.2463
Relative change: -1.40%
High: 0.2495
Low: 0.2451
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