Ripple Technical Analysis: XRP/USD bulls finally break stubborn descending trend line leaping 5%, however stopped short heading into $0.47
|- Ripple managed to breakout to the upside from a descending trend line, that had been containing the price since 3rd July.
- XRP/USD further upside was stopped by touted resistance ahead of $0.4700.
XRP/USD 60-minute chart
Spot rate: 0.46500
Relative change: +3.85%
High: 0.46969
Low: 0.44286
Trend: Bullish
Support 1: 0.46411, 7th July low.
Support 2: 0.45908, 6th July low & (support on 60-minute chart).
Support 3: 0.45000, demand zone.
Resistance 1: 0.46969, today's (Monday) high.
Resistance 2: 0.48000, (resistance on 60-minute chart).
Resistance 3: 0.48201, 9th July high.
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