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Ripple's XRP Technical Analysis: XRP/USD heading back for $0.3000

  • Ripple's XRP price on Thursday was hammered, trading down a chunky 6.45% in the second half of the day.
  • XRP/USD bears took full control which had initially taken place in the back end of Wednesday's session. 
  • Given the current downside momentum, eyes are once again locked on the big $0.3000.  

Spot rate:                  0.3301

Relative change:      -6.45%

High:                         0.3541

Low:                          0.3227

XRP/USD 60-minute chart

  • Bears are testing a huge near-term demand area of support tracking around $0.3300. A breach could see a retest of $0.3000. 

XRP/USD daily chart

  • Bulls lost full control after losing ground and momentum as they tried to reclaim $0.4000. 

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