Ripple Technical Analysis: XRP/USD slammed by bears, forced to retreat in critical near-term demand zone.
|- Ripple trading firmly within negative territory, down over 2% through the mid-point of Wednesday's session.
- XRP/USD requires support within vital near-term demand zone, as pressure mounts.
- Descending trend line has been seen running from 4th October, containing upside.
XRP/USD 60-minute chart
Spot rate: 0.47191
Relative change: -2.06%
High: 0.48181
Low: 0.46237
Trend: Bearish
Support 1: 0.4685-00, demand zone.
Support 2: 0.44200, consolidation & low area 25 September.
Support 3: 0.40500, support on 60-minute chart.
Resistance 1: 0.47700, descending trend line.
Resistance 2: 0.48150, 50 & 100MAs (60-minute).
Resistance 3: 0.49600, supply zone.
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