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  • 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

 

Expert score

5

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