Ripple Technical  Analysis: /USD smashes through vital near-term resistance, bulls return with vengeance

• Ripple price on Monday sees chunky rally, gaining over 12% in the session.
• XRP/USD smashes above a near-term resistance area, a descending trend line, running from 30 September.

XRP/USD 60-minute chart  

Spot rate:                   0.45822

Relative change:        +12.50%

High:                          0.50730

Low:                           0.40580

Trend:                        Bullish

Resistance  1:            0.46500-0.47000, resistance on 60-minute chart.

Resistance  2:            0.49300, supply zone.

Resistance  3:            0.50900, 50% Fibonacci area.  

Support 1:                 0.45050,  support on 60-minute chart.

Support  2:                 0.43500, 23.6% Fibonacci.  

Support  3:                 0.40250, above broken descending trend line & demand area.