Ripple Technical  Analysis: XRP/USD devastating ground lost, breakout of vital near-term support with retest, opening the door to more downside

• Ripple price drops another chunky 8% on Tuesday, further ground being lost after the excessive moves last week.
• XRP/USD has broken near-term support, an ascending trend line, a retest underneath is being observed.
• Ripple has almost around 45% of the big bull run seen last week.  

XRP/USD 60-minute chart  

Spot rate:                    0.44917          

Relative change:        -8.57%

High:                           0.49239

Low:                            0.43550

Trend:                         Bearish.

Support 1:                  0.43650, support on 60-minute chart.

Support 2:                    0.36650, small consolidation area seen on 20 Sept.

Support 3:                  0.31500, demand area.  

Resistance 1:               0.46130, 61.8% Fibonacci & broken ascending trend line.

Resistance 2:               0.47500,  resistance on 60-minute chart.

Resistance 3:               0.51900,   prior acting support, new area of resistance.