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Ripple Price Analysis: Calm before the storm

  • Ripple is roughly flat for the day but looking at the volume it all seems to have gone quiet.
  • XRP/USD is under 0.30 once again and the level seems like a magnet for price.

XRP/USD 1-Hour Chart

Ripple is trading flat on Wednesday but maybe this is the calm before the storm.

The price is currently flirting with the 0.30 level once again after falling over the last session.

During the sell-off, the volume was very high and now looking at the Bitfinex exchange volume it all seems to have gone quiet.

A break on good volume will be a good indicator of future price action. 

The next resistance is just above 0.31, while support is around 0.2903. 

Ripple price chart

Additional Levels

 

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