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  • Ripple’s XRP price is trading up with minor losses of some -0.80% in the session on Wednesday.  
  • XRP/USD price is heading back for a retest of a breached pennant structure.  
  • Critical demand zone should be noted at the range of $0.2400-0.2300, where the price bottomed between 25-29 September.  

 

XRP/USD daily chart

The price is heading back towards a retest of a breached pennant structure, failure to hold could be punishing.  

XRP/USD 60-minute chart

 A lower ascending trend line can be seen not far below as support, tracking at $0.2400.  

 

Spot rate:                  0.2463

Relative change:       -1.40%

High:                          0.2495

Low:                           0.2451