Ripple Technical Analysis: XRP/USD bulls bounce back from the bears biting, price looking to shoot back up to $0.5000 in the near-term
|- Ripple price has managed to receive some buying interest, within a touted demand zone.
- Descending trend line and 100MA acting as near-term resistance, however eyes are locked on for potential return to $0.5000.
XRP/USD 30-minute chart
Spot rate: 0.48312
Relative change: +2.00%
High: 0.49199
Low: 0.47207
Trend: Bearish
Support 1: 0.4720, demand zone.
Support 2: 0.4675, (support on 30-minute chart).
Support 3: 0.4390, 24th June low.
Resistance 1: 0.4855, 38.2% Fibonacci.
Resistance 2: 0.4910, descending trend line & 100MA.
Resistance 3: 0.5000, 50% Fibonacci & supply zone entry.
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