Ripple Technical Analysis: XRP/USD drops as price is stuck within a descending channel to the not so sunny south for now
|- Ripple seen down over 4% on Friday, as the price continues to head lower after losing steam two sessions ago.
- XRP/USD is moving within a descending channel south as seen on the 60-minute chart.
- Ripple is currently running at a three consecutive sessions of losses.
XRP/USD 60-minute chart
Spot rate: 0.45774
Relative change: -4.04%
High: 0.47691
Low: 0.44634
Trend: Bearish
Resistance 1: 0.46127, upper part of descending channel.
Resistance 2: 0.46454, (resistance on 60-minute chart).
Resistance 3: 0.47691, today's (Friday) high.
Support 1: 0.44255, lower part of descending channel.
Support 2: 0.44634, today's (Friday) low.
Support 3: 0.43300, demand zone entrance.
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