Home Ripple Technical Analysis: XRP/USD the daily close below game-changing $0.35, has got the bears rubbing their paws other
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Ripple Technical Analysis: XRP/USD the daily close below game-changing $0.35, has got the bears rubbing their paws other

  • Ripple has dropped just a modest 0.5% on Thursday, but the outlook is very much bearish currently.  
  • XRP/USD on Wednesday, closed below the key $0.35 level, exposing it to further selling pressure.  

 

 

XRP/USD daily chart


 

Spot rate:                    0.33067

Relative change:        -0.51%

High:                          0.35712

Low:                           0.33034

Trend:                         Bearish
 

Support 1:                  0.30000, 16th October 201 high.

Support 2:                  0.27950, top area seen on 28th/29th November.

Support 3:                    0.20000, strong area of demand.

Resistance 1:             0.35000, previous support, 13th December low/wick.

Resistance 2:             0.40250, new resistance likely to be seen, given previous support.

Resistance 3:             0.4100, 22nd December 2017 low, during big bull run period.

 

 

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