Ripple Technical Analysis: XRP/USD bears tear apart critical demand area showing no mercy
|- Ripple one of the hardest slammed on Thursday, as the market bears enjoy a wave of selling pressure, odwn over 12%.
- XRP/USD lost huge ground after a vital near-term demand area, $0.4700 was breached.
XRP/USD 60-minute chart
Spot rate: .0.40800
Relative change: -12.67%
High: 0.46658
Low: 0.39990
Trend: Bearish
Support 1: 0.40000, large support on 60-minute chart.
Support 2: 0.38800, demand zone.
Support 3: 0.36850, Consolidation area 20 September.
Resistance 1: 0.41000, resistance on 60-minute chart.
Resistance 2: 0.42350, supply area.
Resistance 3: 0.44000, prior strong demand zone, new resistance.
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