Ripple Technical Analysis: XRP/USD slammed another 4% on Tuesday, as price loses ground again within early $0.60 territory
|- Ripple price was under further pressure on Tuesday from the bears, as the price ran into difficulty within the early $0.60 area.
- XRP/USD price behaviour is still choppy, suggesting of no commitment yet.
- Vital near-term support is need at $0.54, a break below could see $0.40 back into the picture.
XRP/USD 60-minute chart
Spot rate: 0.5743
Relative change: - 4.00%
High: 0.5982
Low: 0.5718
Trend: Bearish
Support 1: 0.5750, (support on 60-minute chart).
Support 2: 0.5600, (support on 60-minute chart).
Support 3: 0.5440, 29th May low.
Resistance 1: 0.5846, 50MA.
Resistance 2: 0.6000, supply zone entry.
Resistance 3: 0.6220, 100MA.
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