Ripple Technical Analysis: XRP/USD broke and has now retested an initial trend line of resistance, another bull move could be in the waiting, eyes on return to $0.50

• Ripple price nursing losses of over 2% on Thursday, as the crypto market continues to consolidate ahead of next potential drop.
• XRP/USD had initially broken out of a descending trend line of resistance, since the price has retested the break area.
• Given the text book move of a break and retest, Ripple could seen a short-term bull move.

XRP/USD 60-minute chart

Spot rate:                                     0.4597

Relative change:               -2.45%

High:                                                   0.4737

Low:                                                     0.4563

Trend:                                                 Bearish

Support 1:                                   0.4553, descending trend line.

Support 2:                                     0.4481, (support on 60-minutee chart)

Support 3:                                     0.4384, 24th June low & demand zone.

Resistance 1:                          0.4642, 50MA.

Resistance 2:                           0.4700, 100MA.

Resistance 3:                           0.4757, 27th June high.