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Analysis

Ripple Technical Analysis: XRP/USD continues to stumble within $0.55-56 area, price holds modest gains of 2%

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  • Ripple gathers small momentum to the upside, which may simply be the bears taking a break from the selling pressure.
  • XRP/USD continues to falter within the $0.55-56 region, as move to the upside lacks commitment.
  • Price has broken a near-term supporting trend line, with a return to the $0.51 being a possibility.

 

XRP/USD 30-minute chart

Spot rate:                    0.5403

Relative change:         +2.06%

High:                            0.5565

Low:                            0.5188

Trend:                          Neutral/Bullish

Resistance 1:             0.5440, (resistance on 60-minute chart).

Resistance 2:             0.5500, supply zone.

Resistance 3:             0.5619, 13th June high.

Support 1:                  0.5345, 50MA.

Support 2:                  0.5197, (support on 60-minute chart).

Support 3:                  0.5041, 13th June low & (support on 60-minute chart)

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