Ripple Technical Analysis: XRP/USD price not moving back above $0.5000, as near-term descending trend limits Ripple’s upside potential

• Ripple price struggles to find commitment in trend, as trading narrows for now, down 0.2% on Friday.
• XRP/USD upside is capped ahead of $0.5000, with a near-term descending channel preventing further upside.

XRP/USD 4-hour  chart

Spot rate:                                     0.4757

Relative change:               -0.20%

High:                                                   0.4814

Low:                                                      0.4589

Trend:                                                 Neutral

Support 1:                                  0.4710, 50MA.

Support 2:                                    0.4550-95, demand zone.

Support 3:                                    0.4490, (support on 4-hour  chart).  

Resistance  1:                          0.4810, 100MA.

Resistance 2:                          0.4990, descending trend line.

Resistance 3:                          0.5080, (resistance on 4-hour chart).