Ripple Technical Analysis: XRP/USD vital near-term demand zone saving the price from a fresh wave of selling pressure
|- Ripple trading firmly in the red, losses seen at just shy of 3%, in the latter part of Tuesday.
- XRP/USD key near-term demand area is propping up the price, preventing huge selling pressure. Buying areas are seen within $0.4700 and then $0.4500-0.4300.
- Key supply areas of note; $0.5000 and $0.5500 seen on 60-minute chart view.
XRP/USD 60-minute chart
Spot rate: 0.47970
Relative change: -2.80%
High: 0.49365
Low: 0.46921
Trend: Bearish
Support 1: 0.47000, demand zone.
Support 2: 0.46800, support on 60-minute.
Support 3: 0.45500, buying area.
Resistance 1: 0.49000, supply zone.
Resistance 2: 0.50000, psychological resistance.
Resistance 3: 0.55000, supply area.
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