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

• 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