Ripple Technical Analysis: XRP/USD tanks through critical support at $0.50 area, bears pile in and enjoy ride south
- Ripple encounters heavy selling pressure, as large cooling in pricing seen across the board.
- XRP/USD drops below critical support within the $0.50 region, inviting further selling.

XRP/USD 30-minute chart
Spot rate: 0.53644
Relative change: -0.60%
High: 0.54965
Low: 0.53280
Trend: Bearish/Neutral
Support 1: 0.4900, (support on 30-minute chart).
Support 2: 0.4705, 2nd April low.
Support 3: 0.4555, (support on 30-minute chart) & 1st April low.
Resistance 1: 0.5000, previous demand zone.
Resistance 2: 0.5035, 18th June low.
Resistance 3: 0.5185, 16th June low.
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.





