Ripple Technical Analysis: XRP/USD appears vulnerable with the ascending wedge pattern seen, SEC verdict still awaited on whether securities laws apply
|- Ripple seen holding modest gains on Monday of 1%, with cryptocurrency market seen up across the board.
- XRP/USD has formed an ascending wedge pattern, subject to a potential break lower.
- Markets still await SEC verdict, as XRP token remains a centre of debate, whether securities laws apply.
XRP/USD 60-minute chart
Spot rate: 0.45275
Relative change: +0.88%
High: 0.46450
Low: 0.44700
Trend: Neutral/Bullish
Support 1: 0.45141, lower part of ascending wedge.
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Support 2: 0.44692, (support on 60-minute chart).
Support 3: 0.43355, demand zone.
Resistance 1: 0.45450, 50MA.
Resistance 2: 0.45785, 100MA.
Resistance 3: 0.46445, upper part of ascending wedge.
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