Ripple’s XRP Technical Analysis: XRP/USD bulls once again are stopped short by hard resistance at $0.40

• Ripple’s XRP price trading up over 8% into the second half of the session on Wednesday.
• XRP/USD bulls were stopped short in the run so far, by stubborn resistance at $0.40.  

XRP/USD 15-minute chart
 

Spot rate:                   0.3861

Relative change:       +8.12%

High:                          0.3993

Low:                           0.3515

Trend:                         Bullish

Resistance 1:              0.3968, daily pivot point resistance.

Resistance  2:              0.4000, psychological resistance.  

Resistance  3:              0.4500, 21st November high area.

Support 1:                   0.3361, daily pivot point support.

Support 2:                   0.3159, daily pivot point support.

Support 3:                   0.3057, daily pivot point support.

XRP/USD 60-minute chart

• Barrier around the $0.4000 price area, XRP/USD not been above since 24 November.

XRP/USD 4-hour chart

• Next major resistance can be eyed at supply tracking form $112-114.