Ripple Technical  Analysis: XRP/USD sees a bounce back, after bloodshed of bears tearing up huge $0.3000 level

• Ripple price on Thursday, was torn apart by the market bears, but bouncing back up 4.5%.
• XRP/USD saw a large bout of selling after the $0.3000 was firmly broken down.

XRP/USD 60-minute chart  

Spot rate:                    0.29080

Relative change:        +4.58%

High:                           0.29227

Low:                            0.26698

Trend:                         Bullish

Support 1:                   0.27860, support on 60-minute chart.

Support    2:                  0.26698,  session (Thursday) low & long lower wick.

Support    3:                  0.25850, entrance to demand zone.  

Resistance 1:              0.29220, resistance on 60-minute chart.

Resistance 2:             0.29460, supply area

Resistance 3:             0.30685, 50MA.