Home Ripple Technical Analysis: XRP/USD approaching very dangerous levels of support, which if they fail to hold, could be catastrophic opening up the gates to floods of selling
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Ripple Technical Analysis: XRP/USD approaching very dangerous levels of support, which if they fail to hold, could be catastrophic opening up the gates to floods of selling

  • Ripple was seen down as much as 4% on Tuesday, approaching key vital near-term support.
  • XRP/USD is at serious threat of giving up on $0.42 territory, which would be catastrophic.  

 

XRP/USD 30-minute chart


 

Spot rate:                    0.42755

Relative change:        -4.13%

High:                           0.44610

Low:                            0.42713
 
Trend:                         Bearish

 
 

Support 1:                 0.42701, demand zone and 15th July lows.

Support 2:                 0.42437, 12th July low.  

Support 3:                  0.42188, long wick and low of 22nd December.  

Resistance 1:            0.43000,  previous demand zone.  

Resistance 2:            0.43400, (resistance on 60-minute chart).

Resistance 3:            0.43800, top area &  (resistance on 60-minute chart).

 

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