Home Ripple Technical Analysis: XRP/USD the bulls are gearing up for a big September, but need to knockdown near-term barriers
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Ripple Technical Analysis: XRP/USD the bulls are gearing up for a big September, but need to knockdown near-term barriers

  • Ripple see holding decent gains on Tuesday of around 3%, continuing its firm run seen on Monday.  
  • XRP/USD bulls must breakdown troublesome resistance running from $0.35-0.37 area.  
  • Markets are heavily waiting on a potential return of the big bull run, once the summer holidays are over.

 

 

XRP/USD 60-minute chart


 

Spot rate:                    0.34892

Relative change:        +2.93%

High:                           0.34955

Low:                            0.33453

 

Trend:                         Bullish

 

Resistance 1:              0.35000, supply zone entrance.  

Resistance 2:             0.35200, top area of 19th August.

Resistance 3:             0.35718,    22nd August high.

Support 1:                   0.34165, bearish lower wick 22nd August.

Support    2:                  0.33900, consolidation area.

Support    3:                  0.31740, demand area.

 

 

 

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