Ripple's XRP Technical Analysis: XRP/USD failure to breach firmly above $0.4000 could see gains completely reversed
|- Ripple's XRP was seen holding decent gains in the latter stages of Wednesday, up just shy of 8%.
- XRP/USD must breakdown $0.4000 region for greater upside, otherwise the price could be sent back south.
- Price produces a double top area, sees XRP/USD eases off the session high.
XRP/USD 4-hour chart
Spot rate: 0.3912
Relative change: +8.02%
High: 0.3635
Low: 0.3629
Trend: Bullish
Resistance 1: 0.3950, double top area.
Resistance 2: 0.4000, psychological resistance.
Resistance 3: 0.4082, daily pivot point resistance.
Support 1: 0.3457, daily pivot point support.
Support 2: 0.3286, daily pivot point support.
Support 3: 0.3145, daily pivot point support.
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