Ripple Technical Analysis: XRP/USD big scare, however bulls charged away biting bears
|- Ripple seen holding gains of just over 1% during trading on Tuesday, after a soft session seen on Monday.
- XRP/USD had a big scare after threatening key near-term support, but bulls charged in quickly.
- Rising wedge pattern seen still remaining intact, with the price grinding higher within.
XRP/USD 4-hour chart
Spot rate: 0.33877
Relative change: +1.33%
High: 0.34108
Low: 0.33168
Trend: Bearish
Resistance 1: 0.34250, resistance on 4-hour chart.
Resistance 2: 0.35000, supply area
Resistance 3: 0.35650, upper part of wedge pattern.
Support 1: 0.33550, lower part of wedge.
Support 2: 0.33350, 100MA & within demand area.
Support 3: 0.32300, 30 August low.
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