Ripple Technical Analysis: XRP/USD sitting on a launch pad ahead of another potential rocket higher to recovery
|- Ripple is trading down over 2% on Tuesday, as price consolidates post the big moves seen on Monday.
- XRP/USD is support in the near-term by a former resistance area, price could use this as a launch pad for further moves north.
XRP/USD 15-minute chart
Spot rate: 0.47143.
Relative change: -2.28%.
High: 0.48364.
Low: 0.46882.
Trend: Neutral.
Resistance 1: 0.47600, 23.6% Fibonacci.
Resistance 2: 0.47755, (resistance on 15-minute chart).
Resistance 3: 0.48000, supply zone.
Support 1: 0.47034, ascending supporting trend line.
Support 2: 0.46980, 38.2% Fibonacci.
Support 3: 0.46555, (support on 15-minute chart).
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