Ripple Technical Analysis: XRP/USD bulls storm out of a descending channel, leaping 5.5% initially, but barrier ahead
|- Ripple sees some chunky upside initially of 5.5% before running into resistance, however up some 2.5% on Tuesday.
- XRP/USD bulls had smashed through a descending channel pattern.
- A barrier sits just ahead tracking from $0.4620-0.4660 area, a clearance should open up for further buying.
XRP/USD 30-minute chart
Spot rate: 0.45524
Relative change: +2.3%
High: 0.46274.
Low: 0.43800.
Trend: Bullish.
Resistance 1: 0.46274, today's (Tuesday high.
Resistance 2: 0.46500, supply zone.
Resistance 3: 0.46819, 20th July high.
Support 1: 0.45257, 100MA.
Support 2: 0.44920, 50MA.
Support 3: 0.44000, on top of broken channel.
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