Ripple's XRP Technical Analysis: Where next for free-falling XRP/USD?
|- Ripple's XRP price on the back foot late in Wednesday's session, down some heavy 12%.
- XRP/USD flirting with strong support area of $0.4400. A breach could send price down to $0.4000.
- Price action came crashing out from a triangular pattern formation.
XRP/USD daily chart
Spot rate: 0.4506
Relative change: -12.35%
High: 51.33
Low: 41.18
Trend: Bearish
Support 1: 0.4110, daily support.
Support 2: 0.4000, psychological support.
Support 3: 0.3850, 12 October low.
Resistance 1: 0.4884, underneath breached triangular pattern.
Resistance 2: 0.5080, 50% Fibonacci.
Resistance 3: 0.5311, daily resistance.
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