Ripple Technical Analysis: XRP/USD unable to sustain momentum above the $0.50 region for now

• Ripple price is seen up with decent gains on Wednesday, of almost 4%.
• XRP/USD upside is capped for now by a descending trend line, which tracks between $0.51-0.50.

XRP/USD 60-minute chart

Spot rate:                                    0.5120

Relative change:               +3.66%

High:                                                   0.5033

Low:                             0.4747

Trend:                                                 Neutral

Resistance  1:                           0.5067, descending trend line.

Resistance 2:                          0.5204, 3rd July high.  

Resistance 3:                           0.5500, (resistance on 60-minute chart).

Support 1:                                  0.4872, 100MA.

Support 2:                                    0.4750, demand zone.

Support 3:                                    0.4670, 50MA.