Ripple Technical Analysis: XRP/USD price not moving back above $0.5000, as near-term descending trend limits Ripple's upside potential
|- Ripple price struggles to find commitment in trend, as trading narrows for now, down 0.2% on Friday.
- XRP/USD upside is capped ahead of $0.5000, with a near-term descending channel preventing further upside.
XRP/USD 4-hour chart
Spot rate: 0.4757
Relative change: -0.20%
High: 0.4814
Low: 0.4589
Trend: Neutral
Support 1: 0.4710, 50MA.
Support 2: 0.4550-95, demand zone.
Support 3: 0.4490, (support on 4-hour chart).
Resistance 1: 0.4810, 100MA.
Resistance 2: 0.4990, descending trend line.
Resistance 3: 0.5080, (resistance on 4-hour chart).
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