Ripple Technical Analysis: XRP/USD continues to stumble within $0.55-56 area, price holds modest gains of 2%, but at threat of erasing those
|- Ripple gathers small momentum to the upside, which may simply be the bears taking a break from the selling pressure.
- XRP/USD continues to falter within the $0.55-56 region, as move to the upside lacks commitment.
- Price has broken a near-term supporting trend line, with a return to the $0.51 being a possibility.
XRP/USD 30-minute chart
Spot rate: 0.5403
Relative change: +2.06%
High: 0.5565
Low: 0.5188
Trend: Neutral/Bullish
Resistance 1: 0.5440, (resistance on 60-minute chart).
Resistance 2: 0.5500, supply zone.
Resistance 3: 0.5619, 13th June high.
Support 1: 0.5345, 50MA.
Support 2: 0.5197, (support on 60-minute chart).
Support 3: 0.5041, 13th June low & (support on 60-minute chart)
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