Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading with the red by some 1.80% in the session on Wednesday.
- XRP/USD is within the control of the market bears, running towards its fifth consecutive session in the red.
- The price is trading at its lowest levels in almost two weeks.
XRP/USD weekly chart
The next major weekly support area to the downside is eyed at $0.2500.
XRP/USD daily chart
After the price breached a vital near-term trend line, the bears have been in control. Daily support being tested to the downside at $0.2670.
Spot rate: 0.2673
Relative change: -1.80%
High: 0.2730
Low: 0.2633
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