Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading with the red by some 3.10% in the session on Wednesday.
- XRP/USD is moving above and below the big psychological $0.3000,
- The price has not comfortable traded within the $0.3000 region since mid-August.
XRP/USD weekly chart
The price is having a battle with $0.3000, a weekly closure above could be detrimental for further recovery.
XRP/USD daily chart
Price action via the daily chart view is trading just outside of a bearish flag structure, which demonstrated some potential vulnerabilities to the downside.
Spot rate: 0.3052
Relative change: -3.35%
High: 0.3067
Low: 0.2906
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