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  • 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