- Ripple price is seen holding decent gains once again on Wednesday, in the green by 2% in the early part of the session.
- XRP/USD is struggling breaking down the run of supply from $0.35-0.37, the momentum just isn’t there at the moment.
- The price has however confirmed some stability at the very least, around the mid $0.30 region.
XRP/USD 60-minute chart
Spot rate: 0.34050
Relative change: +2.01%
High: 0.35713
Low: 0.32906
Trend: Bullish
Resistance 1: 0.35000, (resistance on 60-minute chart) & supply area.
Resistance 2: 0.35713, today’s (Wednesday) high, long wick candle (60min).
Resistance 3: 0.36750, Chunky supply area, running up to $0.3750.
Support 1: 0.33660, near-term ascending trend line.
Support 2: 0.33350, 100MA,
Support 3: 0.32000-0.31000, tough demand area.
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