Ripple Technical Analysis: XRP/USD forms a bull flag, imminent spike higher, bulls looking to claim some losses back
|- Ripple price is nursing marginal losses of 0.5% on Monday, after another sell-off late Friday evening.
- XRP/USD after receiving a bid over the weekend, has consolidated and managed to form a bullish flag pattern.
XRP/USD 60-minute chart
Spot rate: 0.46045
Relative change: -0.50%
High: 0.46400
Low: 0.45258
Trend: Neutral
Support 1: 0.45255, (support on 60-minute chart).
Support 2: 0.44571, lower part of bull flag.
Support 3: 0.44000, mid-point of demand zone.
Resistance 1: 0.46100, upper part of bull flag.
Resistance 2: 0.47200, (resistance on 60-minute chart).
Resistance 3: 0.48450, 30th June high.
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