Ripple’s XRP technical analysis: XRP/USD a weekly closure above $0.3000 is critical for greater gains

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  • Ripple’s XRP price is trading with the red by some 3.10% in the session on Wednesday. 
  • XRP/USD is moving above and below the big psychological $0.3000, 
  • The price has not comfortable traded within the $0.3000 region since mid-August. 

 

XRP/USD weekly chart

The price is having a battle with $0.3000, a weekly closure above could be detrimental for further recovery. 

 

XRP/USD daily chart

Price action via the daily chart view is trading just outside of a bearish flag structure, which demonstrated some potential vulnerabilities to the downside. 

 

Spot rate:                 0.3052

Relative change:      -3.35%

High:                         0.3067

Low:                          0.2906

 

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