XRP/USD big psychological $0.3000 under threat

Fibo Quantum

  • Ripple’s XRP price is trading in the red, down over 4% in the session on Tuesday.
  • XRP/USD price action is tilted to the downside, eyes are on the big $0.3000, for support.
  • The above noted demand zone has historically proven to attract decent buying momentum. 

Spot rate:                  0.3095

Relative change:      -4.25%

High:                         0.3206

Low:                          0.3074

XRP/USD 60-minute chart

  • Price action is stuck within a descending channel structure, being driven to the south. 

XRP/USD daily chart

  • Downside pressure is forcing another large retest of critical support zone seen at $0.3000.