Ripple Technical Analysis: XRP/USD worrying signs are still clearly displayed, with narrowing price action, ahead of next potential plummet
|- Ripple price is seen up with decent gains on Monday, just shy of 3% in the session.
- XRP/USD price action has been narrowing somewhat, trading within a 1 cent range, which suggests potential trouble ahead.
- Bears extreme downside target looks to be for a complete reversal of the 2017 bull run, back towards $0.20.
XRP/USD daily chart
Relative change: +2.84%
High: 0.30998
Low: 0.29480
Trend: Bullish
Resistance 1: 0.30850, entrance to supply zone.
Resistance 2: 0.31300, 11th August high.
Resistance 3: 0.31717, 100MA.
Support 1: 0.30050, 50MA.
Support 2: 0.29250, entrance to demand zone.
Support 3: 0.28800, 11th August low.
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