Ripple Technical Analysis: XRP/USD dominated by bears as price hits lowest levels in 3 weeks, small bounce which may be temporary, Ripple ran well into oversold territory
|- Ripple price came under heavy selling pressure in the early part of the session on Wednesday, dropping as much as 7%.
- XRP/USD drops to lowest levels in over 3 weeks, pushing to lows of $0.5194.
- On the 60-minute chart, the RSI well run its course into oversold territory.
XRP/USD 60-minute chart
Spot rate: 0.5377
Relative change: - 3.40%
High: 0.5620
Low: 0.5194
Trend: Bearish
Support 1: 0.5195, (support on 60-minute chart).
Support 2: 0.4915, 25th April lows.
Support 3: 0.4555, 1st April lows.
Resistance 1: 0.5440, 12th June lows.
Resistance 2: 0.5690 50MA.
Resistance 3: 0.5945, supply zone.
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