- Ripple plummets as much as 9% in the session on Wednesday, dropping sub $0.3000 mark.
- XRP/USD bears crashed the price out of a rising wedge pattern that had formed.
- Large selling seen across the crypto market, with a number of the major altcoins on the back foot for now.
XRP/USD 4-hour chart
Spot rate: 0.30231
Relative change: -8.46%
High: 0.33352
Low: 0.29683
Trend: Bearish
Support 1: 0.3000, big psychological support level.
Support 2: 0.28850, 11th August low & support on 4-hour chart.
Support 3: 0.27550, support on 4-hour chart.
Resistance 1: 0.32500, previous serving demand area.
Resistance 2: 0.32250, 50MA.
Resistance 3: 0.33800, broken rising wedge pattern.
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