Ripple Technical Analysis: XRP/USD nail is entering the coffin, as price breaks the vital and catastrophic level of $0.35, the flood gates are open currently

• Ripple price hit hard on Wednesday, nursing some chunky losses of 9%, as price clears $0.35 support.  
• XRP/USD has been running through support after support, from $0.41, then $0.40 and now $0.35, with eyes on a potential return to $0.20 region.  

XRP/USD 60-minute chart

Spot rate:                    0.34340

Relative change:        -9.13%

High:                          0.37819

Low:                           0.34062

Trend:                         Bearish

Support 1:                  0.35000, long wick low 13th December 2017.  

Support 2:                  0.28160, top area in October and November 2017.

Support 3:                    0.20000, demand area & 100% reversal of 2017 bull run.

Resistance 1:             0.40270, previous critical support area.

Resistance 2:             0.41000, key area ahead of December big bull run.  

Resistance 3:             0.42500, supply zone.