Ripple Technical Analysis: XRP/USD forms bull flag a breakout higher look promising to further recover the bear bite
|- Ripple price nursing very nominal losses on Tuesday of 0.3%, however signs of looming bull move.
- XRP/USD has formed a bull flag pattern on the 30-minute chart.
- There are signs of a looming bull move, should the above-mentioned pattern be fulfilled.
XRP/USD 30-minute chart
Spot rate: 0.4788
Relative change: -0.35%
High: 0.4833
Low: 0.4740
Trend: Bearish/Neutral
Support 1: 0.4757, 100MA & lower trend line of bull flag.
Support 2: 0.4721, demand zone entry.
Support 3: 0.4670, (support on 30-minute chart).
Resistance 1: 0.4840, supply zone.
Resistance 2: 0.4847, 24th June high & (resistance on 30-minute chart).
Resistance 3: 0.4915, upper trend line of bull flag.
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