- Ripple’s XRP price in the second half of the day on Wednesday, is trading in minor positive by just some 0.30%.
- XRP/USD bears have broken a daily bearish pennant structure to the downside.
- Another daily closure below would confirm further potential downside and not a false breakout situation.
Spot rate: 0.3123
Relative change: +0.30%
High: 0.3159
Low: 0.3090
XRP/USD 60-minute chart
- A near-term demand zone can be observed at the $0.3100, a critical near-term area of comfort, preventing the threat of $0.3000 being breached for now.
XRP/USD daily chart
- Bears are forcing a critical retest of breached pennant structure, now subject to potentially giving way.
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