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.








Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.