Ripple Technical Analysis: XRP/USD must have been scheduled for take off on the first day of trading for the month of August and Ripple to partner with Madonna
|- Ripple price was seen higher on Wednesday, one of the out performers up almost 4%.
- XRP/USD shot into the sky, jumping some 7.5%, before running into resistance at the highs of $0.46310.
- In terms of news flow, Ripple are to partner with Madonna to fund raise for orphans in Malawi.
- Other news, Bill Clinton will be headlining Ripple's Swell conference later this year.
XRP/USD 60-minute chart
Spot rate: 0.45243
Relative change: +3.90%
High: 0.46310
Low: 0.42577
Trend: Bullish
Resistance 1: 0.46000, resistance on 60-minute chart.
Resistance 2: 0.46650, supply zone.
Resistance 3: 0.4705-10, high area for 24th and 26th July.
Support 1: 0.44605, 100MA.
Support 2: 0.44100, demand zone & 50MA.
Support 3: 0.43050, (support on 60-minute chart).
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