- Ripple price drops by a chunky margin on Monday, by over 6%, after big rejection.
- XRP/USD continues to be dictated by a falling wedge pattern, going back from the start of 2018.
- Momentum switches back to the bears, after brief upside was seen last week.
XRP/USD daily chart
Spot rate: 0.6466
Relative change: -6.10%
High: 0.7050
Low: 0.6338
Trend: Bearish
Support 1: 0.5767 descending trend line.
Support 2: 0.5441, 28th May low.
Support 3: 0.4915, 25th April low.
Resistance 1: 0.7050, today’s (Monday) high and descending resistance trend line.
Resistance 2: 0.7400, 50DMA.
Resistance 3: 0.9200, 5th May high.
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