Ripple’s XRP Technical Analysis: XRP/USD  critical demand zone is being tested by the bears

• XRP price in the second half of the session on Wednesday is nursing losses of some 0.25%, as the price gives up $0.4000 territory.  
• The bears have been in control since the high area produced late in May, up around
• The next major demand zone seen via the daily runs from 0.3900-0.3500 range.  

Spot rate:                  0.3969

Relative change:       -0.25%

High:                         0.4062

Low:                          0.3924

XRP/USD 60-minute chart

• Price action breached and retested a key near-term ascending trend line of support, leaving the door open to further downside.  

XRP/USD daily chart

• The price is very reliant on major demand zone, $0.3900-0.3500 holding.