Home Ripple Technical Analysis: XRP/USD encounters a big bear bite as the price tanks some 6%, breaking critical near-term support, lowest level since December 2017

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Ripple Technical Analysis: XRP/USD encounters a big bear bite as the price tanks some 6%, breaking critical near-term support, lowest level since December 2017

FX Street

Published date: 29 Jun. 2018 | 16:11

Ripple price came under heavy selling pressure overnight and into Friday’s session, as critical support is broken.
XRP/USD is forced to give up support seen at 24th June lows at $0.4384.

XRP/USD 30-minute chart

Spot rate: 0.4282

Relative change: -4.10%

High: 0.4501

Low: 0.4240

Trend: Bearish

Support 1: 0.4246, today’s (Friday) low.

Support 2: 0.4218, 22nd December.

Support 3: 0.3516, 13th December.

Resistance 1: 0.4385, previous demand zone.

Resistance 2: 0.4450, descending trend line.

Resistance 3: 0.4470, 50MA.

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