- Ripple’s XRP on Wednesday is nursing losses of some 2.5% in the second half of the session.
- XRP/USD bears are testing critical trend line of support, as part of a channel structure via the daily.
- A failure in the noted support holding could open the door to a large wave of selling pressure.
Spot rate: 0.3825
Relative change: -2.50%
XRP/USD 60-minute chart
- Price smashes out to the downside from a bearish pennant structure via the 60-minute view.
XRP/USD daily chart
- Critical trend line of support being testing to the downside, failure to hold could be catastrophic.