Home Ripple Price Analysis: XRP/USD is doomed if the $0.3000 level sees a daily close below, following violent attack
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Ripple Price Analysis: XRP/USD is doomed if the $0.3000 level sees a daily close below, following violent attack

FX Street
Published date:
  • Ripple was violently attacked by the bears in the session on Wednesday, after a mass amount of selling was seen across the board.
  • XRP/USD continues to flirt with the $0.3000 handle, which is very key near-term and game-changing.

 

The Ripple price was seen down as much as 10% in the latter stages of trading on Wednesday, after a brutal session of selling, which was seen across the board. Eyes are locked on vital near-term levels for several of the big altcoins.

XRP/USD on several occasions in the late part of August and early September, has continuously failed to clear a troublesome area of resistance. The $0.3500 territory has prevented the bulls from advancing through to test $0.4000.

Technically, XRP/USD is flirting with the $0.3000 handle, a daily close below could be catastrophic, opening for a big retest of the low $0.20 region. To the upside, resistance is tracking from $0.3200-0.3500.

 

XRP/USD daily chart

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