XRP/USD Technical Analysis: Ripple looking to heave higher after a new high

Ripple on an upswing after bouncing from a bottom at 0.4240.
0.4957 has been a key resistance level in the past week, failure to break will see a continuation lower.
XRP/USD has marked in a higher high, and a brief retrace is likely before bulls make a move higher.

Joshua Gibson FXStreet

XRP/USD Chart, 1-Hour

Spot rate:	0.4895
Relative change:	4.6%
High:	0.4957
Low:	0.4497

Trend:	Bullish

Support 1:	0.4683 (38.2% Fibo retracement level)
Support 2:	0.4240 (one week low)
Support 3:	0.3910 (S2 daily pivot)

Resistance 1:	0.4958 (current high; R1 daily pivot)
Resistance 2:	0.5270 (R2 daily pivot)
Resistance 3:	0.5496 (June 21st swing high)

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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