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  • Ripple’s XRP on Wednesday is maintaining holding in minor positive territory, up some 0.50%.  
  • XRP/USD bulls extended to the upside, after touching lower acting trend line of ascending channel formation.  
  • Big near-term barriers noted at; $0.3250 and then ranging from $0.3400-0.3500.  

 

Spot rate:                  0.3187

Relative change:       +0.50%

High:                         0.3210

Low:                          0.3121

 

Trend:                        Bullish

 

XRP/USD 60-minute chart

  • Price action moving within an ascending channel formation, via the 60-minute chart view.  

XRP/USD daily chart

  • Bulls managed to force a breakout and closure above a troublesome descending wedge pattern.