Ripple’s (XRP) price is close to reclaiming the $0.50 mark, bulls have one more hurdle ahead

• Ripple’s XRP is seen down around 0.30% in the latter stages of Wednesday, after starting the session with strong gains.
• XRP/USD is flirting around the 38.2% Fibonacci, $0.4700, a firm clearance and closure above on 4-hour, should put bulls in good position for $0.5000.  
• The price is well supported by an ascending trend line, running from 12th October.  

XRP/USD 4-hour chart  chart  

Spot rate:                   0.46360

Relative change:       -0.28%

High:                          0.48180

Low:                           0.44175

Trend:                        Neutral

Support 1:                  0.45198, ascending trend line.

Support  2:                  0.43235, 23.6% Fibonacci.

Support  3:                  0.40000, buying area.  

Resistance  1:             0.47000, 38.2% Fibonacci.

Resistance  2:             0.49894, 50% Fibonacci.

Resistance  3:             0.50750, upper wick high 15 October.