[ad_1]
- The XRP / USD is seen trading for decent gains in the last part of Wednesday, up 3%.
- The price has moved within a wedge pattern, which is subject to a potential downside breakout.
Ripple XRP markets in positive territory in the last stages of Wednesday's trading, gains of around 3%. Despite the rise observed in the session, the XRP / USD is still moving within a narrow range, a recent lower area of $ 0.3000, the top of the range seen around $ 0.3300.
The XRP / USD is moving within this narrow range to approach six sessions now. There is still a lack of full commitment from both fields. Every short-term rally, as seen today – Wednesday for example, has proven to be unstable, as bears sell those.
Once the current range mentioned, from $ 0.3300 to 0.3000 will be broken, you will probably see strong momentum. As it seems, technically, the XRP / USD seems more vulnerable to further downward movements. Consolidation after the strong selling pressure only a few days ago, which could be a period of rest for the bears, before another strong fall potentially.
XRP / USD 4 hour chart
