Ripple’s XRP Technical Analysis: XRP/USD critical demand zone in play $0.3500-0.3400, a break will call upon $0.3000

• Ripple’s XRP is being hammered on Thursday, down a big 6.7% in the mid-part of the session.
• XRP/USD after being part of a market wide bear attack, remains vulnerable to further downside risks.  

XRP/USD 15-minute chart

• XRP/USD price action consolidating around session lows for now, subject to further downside risks.  

Spot rate:                   0.3460

Relative change:       -1.83%

High:                          0.3906

Low:                           0.3412

Trend:                         Neutral

Support 1:                   0.3642, daily pivot point support.

Support 2:                   0.3566, daily pivot point support.

Support 3:                   0.3508, daily pivot point support.

Resistance 1:              0.3776, daily pivot point resistance.

Resistance  2:              0.3835, daily pivot point resistance.

Resistance  3:              0.3911, daily pivot point resistance.

XRP/USD 4-hour chart

• Price action is being heavily supported by a demand zone seen tracking from $0.3400-0.3300 This has been in play since mid-December.  

XRP/USD daily chart

• Over the daily time frame, XRP/USD is stuck within a range-block formation.