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  • Ripple’s XRP price on Wednesday is trading firmly in negative territory, down a chunky 6% in the session.  
  • XRP/USD has already forced a breach of $0.3000 in the session today, with bears looking set for further bloodshed below.  
  • The price is flirting within the above-noted zone, now using as support, ahead of a potential committed breakthrough.  

 

Spot rate:                   0.3012

Relative change:       -5.95%

High:                          0.3011

Low:                            0.2932

 

XRP/USD 60-minute chart

  • Price action via the 60-minute chart view breaks out from bearish flag formation, consolidation period, subject to further potential downside pressure.  

XRP/USD daily chart

  • Big buyers defending the range of $0.3000-0.2900, preventing a free-fall for now.