Ripple Technical Analysis: XRP/USD continues to test a stubborn descending trend line, another fail to break will sent price packing for the south, with eyes on retest of $0.44 to the downside

• Ripple holding decent gains in comparison to some of its peers, up over 2.5% on Wednesday.
• XRP/USD continues to struggle with a descending trend line, acting as firm resistance for now.
• A break above the mentioned resistance could be very rewarding for bulls with a target of back to $0.50, however failure could see price testing $0.44 to the downside again.

XRP/USD 60-minute chart

Spot rate:                                     0.4613

Relative change:               +2.03%

High:                                                   0.4700

Low:                                                       0.4478

Trend:                                                 Bullish

Resistance 1:                           0.4660, descending trend line.

Resistance 2:                           0.4715, 50 & 100MA.

Resistance 3:                          0.4820, supply zone.

Support 1:                                   0.4515, (support on 60-minute chart).

Support 2:                                     0.4387, 24th June low.

Support 3:                                     0.4300, (support on 60-minute chart).