Ripple’s XRP technical analysis: XRP/USD smashed by the bears, only $0.3000 can potentially save total bloodshed now

• Ripple’s XRP price on Thursday is trading deeply in the red by some 7.10% in the second half of the day.
• A fresh wave of selling pressure really kicked in after the bears manage to breakdown $0.4000 earlier in the week.  
• Via the daily chart view, a critical ascending trend line was breached by the bears, inviting another wave of selling pressure.  

Spot rate:                  0.3346

Relative change:       -7.10%

High:                         0.3625

Low:                          0.3179

XRP/USD 60-minute chart

• Bearish pennant was breached via the 60-minute chart, another bearish flag can be seen.  

XRP/USD daily chart

• The critical daily trend line was breached earlier in the week, opening the door to a fresh wave of selling pressure.