- Ripple bounced back with modest gains of 1% on Thursday, after a slow session seen yesterday.
- XRP/USD price action is narrowing, behaviour suggests of potential breakout pending, with bulls gradually gathering momentum.
- Next upside challenge isn’t too far ahead, supply zone seen entering the $0.70 region.
XRP/USD 60-minute chart
Spot rate: 0.6816
Relative change: +1.10%
High: 0.6888
Low: 0.6733
Trend: Bullish
Resistance 1: 0.6860, above long-running descending trend line.
Resistance 2: 0.7000, supply zone
Resistance 3: 0.7500, (resistance on 60-minute)
Support 1: 0.6730. 50MA.
Support 2: 0.6670, 100MA.
Support 3: 0.6550, 5th June low.
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