Ripple Technical Analysis: XRP/USD price action remains dictated by rising wedge pattern, bulls still have chance for upside, before another drop south
|- Ripple price nursing minor losses on Thursday of 0.60%, as mixed trading across the crypto market continues.
- XRP/USD broke out of a supporting ascending trend line, running from 18th June.
XRP/USD 30-minute chart
Spot rate: 0.53644
Relative change: -0.60%
High: 0.54965
Low: 0.53280
Trend: Bearish/Neutral
Support 1: 0.53504, (support on 30-minute chart).
Support 2: 0.53250, 50% Fibonacci.
Support 3: 0.52600, (support on 30-minute chart) & 61.8% Fibonacci.
Resistance 1: 0.53916, underneath the ascending trend line & 38.2% Fibonacci.
Resistance 2: 0.54000, 50MA & 100MA.
Resistance 3: 0.54400, (resistance on 30-minute chart).
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