Ripple Technical Analysis: XRP/USD approaches critical $0.4240 support
|- XRP/USD refreshes 2-week low at 0.4299 as sellers return following Wednesday's modest recovery.
- The RSI on the daily chart suggests that the pair could edge lower before becoming technically oversold.
- A decisive break below 0.4240 could trigger a fresh selling wave.
Spot rate: 0.4332
Relative change: -3.5%
High: 0.4492
Low: 0.4299
Trend: Bearish
Support 1: 0.4240 (Jun. 29 low/2018 low).
Support 2: 0.3500 (bottom line of the daily linear regression channel).
Support 3: 0.3000 (psychological level).
Resistance 1: 0.4500 (daily high/psychological level).
Resistance 2: 0.4690 (20-DMA).
Resistance 3: 0.5000 (psychological level/static resistance).
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