- XRP price is trading in negative territory, with losses of some 1.20% on Wednesday.
- XRP/USD is running towards its second consecutive session in the red.
- Price action is resting a long-running trend line of support, which has been in play since 3 Jan.
XRP/USD daily chart
Price action is not offering much in terms of direction, the bulls did, however, manage to end a three-session run of losses.
XRP/USD 60-minute chart
XRP/USD has broken out to the downside from a bearish pennant structure, leaving the door open to greater selling pressure.
Spot rate: 0.2663
Relative change: -3.20%
High: 0.2813
Low: 0.2642
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