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XRP Price Analysis: XRP/USD vulnerabilities remain under $0.3000

  • XRP price is trading in negative territory, with losses of some 1.20% on Wednesday.
  • XRP/USD is moving within consolidation mode, as the price awaits the next committed direction. 
  • Resistance remains firm at the psychological $0.3000 price mark. 

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 is consolidating, moving within a potentially bearish flag structure via the 60-minute chart view. 

 

Spot rate:                  0.2950

Relative change:      .-1.20 %

High:                          0.2989

Low:                           0.2907

 

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