Ripple Technical Analysis: XRP/USD enjoying some further green, however price may be set for another frustrating knockback, given the strong barriers ahead
|- Ripple was seen extending on the rebound foundations that were set on Monday.
- XRP/USD made a break out of a bullish pennant pattern, the breach came just ahead of the $0.54 level.
- Next barrier for Ripple is seen just ahead, supply zone tracking from $0.56-0.5650.
XRP/USD 30-minute chart:
Spot rate: 0.5538
Relative change: + 2.80%
High: 0.5567
Low: 0.5340
Trend: Bullish
Resistance 1: 0.5565, (resistance on 60-minute).
Resistance 2: 0.5600, supply zone.
Resistance 3: 0.5685, 14th June high.
Support 1: 0.5441, (support on 60 minute)
Support 2: 0.5370, top of pennant pattern & 50MA.
Support 3: 0.5290, 100MA.
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