Ripple Technical Analysis: XRP/USD dominated by bears as price hits lowest levels in 3 weeks, small bounce which may be temporary, Ripple ran well into oversold territory

  • Ripple price came under heavy selling pressure in the early part of the session on Wednesday, dropping as much as 7%.
  • XRP/USD drops to lowest levels in over 3 weeks, pushing to lows of $0.5194.
  • On the 60-minute chart, the RSI well run its course into oversold territory.

 

XRP/USD 60-minute chart

 

Spot rate:                    0.5377

Relative change:         - 3.40%

High:                            0.5620

Low:                            0.5194

 

Trend:                          Bearish

 

 

Support 1:                   0.5195, (support on 60-minute chart).

Support 2:                   0.4915, 25th April lows.

Support 3:                   0.4555, 1st April lows.   

Resistance 1:              0.5440, 12th June lows.

Resistance 2:              0.5690 50MA.

Resistance 3:              0.5945, supply zone.

 

 

 

 

 

 

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