Ripple technical analysis: XRP/USD respecting descending wedge, price looks subject to another leg lower, before another break to the upside

• Ripple was seen holding very modest gains of 0.5% on Tuesday, after Monday’s selling pressure.
• XRP/USD is rejected by upper trend line of descending wedge pattern seen on 30-minute chart.
• The price looks subject to potential downside before another leg higher.

XRP/USD 30-minute chart

Spot rate:                                     0.6575

Relative change:               +.0.50%

High:                                                       0.6647

Low:                                                       0.6322

Trend:                                                   Neutral/Bullish

Support 1:                                   0.6510, 50MA.

Support 2:                                     0.6330, demand zone.

Support 3:                                     0.6220, lower trend line of wedge pattern.

Resistance 1:                          0.6614, 100MA & upper trend line of wedge.

Resistance 2:                          0.6647, today’s (Tuesday) high.

Resistance 3:                          0.6760, 4th June high.