- Ripple’s XRP price is trading with the green by some 0.40% in the session on Wednesday.
- XRP/USD has bounced off critical daily support for now at $0.2700.
- The price is vulnerable to further downside risks following the ascending channel breach.
XRP/USD weekly chart
Weekly price action is now being forced to narrow within a triangular structure or bearish pennant, subject to breach.
XRP/USD daily chart
Should the price breach $0.2700 support, then a fast move down to $0.2500 could be observed.
Spot rate: 0.2727
Relative change: +0.30%
High: 0.2755
Low: 0.2704
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