Home Ripple Technical Analysis: XRP/USD price crisis as it has plummeted to lowest level since 13th December, major levels seen at $0.40 and $0.35

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Ripple Technical Analysis: XRP/USD price crisis as it has plummeted to lowest level since 13th December, major levels seen at $0.40 and $0.35

FX Street

Published date: 7 Aug. 2018 | 16:04

Ripple on Tuesday remains restricted with weight seen to the downside, nursing losses of 0.8%.
XRP/USD hit the lowest level seen since 13th December, managing to briefly receive a minor bounce here.

XRP/USD 60-minute chart

Spot rate: 0.40971

Relative change: -0.80%

High: 0.41570

Low: 0.40440

Trend: Bearish

Support 1: 0.41000, 13th December, long wick.

Support 2: 0.40273, (support on 60-minute chart).

Support 3: 0.35160, 13th December low, long wick.

Resistance 1: 0.42150 50MA.

Resistance 2: 0.42550, supply zone.

Resistance 3: 0.42860, 100MA.

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