Ripple's XRP Technical Analysis: XRP/USD bulls going for a retest of the broken wedge structure
|- 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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.