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Ripple Price (XRP/USD): 60-minute Technical Set Up

The Ripple price is seen down around 1.5% in the session on Monday, as pressure remain weighted to the downside.
60-minute chart view remains bearish, with key area being tested.
XRP/USD dipping in and out of vital demand area, a breach will likely open the door to a new wave of selling.

Ken Chigbo Independent Analyst

XRP/USD 60-minute chart

Spot rate:

Relative change: -1.50%

High: 0.46397

Low: 0.45353

Trend: Bearish

Support 1: 0.45330, support on 60-minute chart.

Support 2: 0.45250, demand zone.

Support 3: 0.44350, 15th October low area.

Resistance 1: 0.45800, resistance on 60-minute.

Resistance 2: 0.46500, supply zone.

Resistance 3: 0.47200, 21st September high.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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