Ripple price analysis: XRP/USD bulls bounce back from the bears biting, price looking to shoot back up to $0.5000 in the near-term

• Ripple price has managed to receive some buying interest, within a touted demand zone.
• Descending trend line and 100MA acting as near-term resistance, however eyes are locked on for potential return to $0.5000.

XRP/USD 30-minute  chart

Spot rate:                                     6096.10

Relative change:               -0.85%

High:                                                     6245.30

Low:                                                        6068.50

Trend:                                                   Bearish

Support 1:                                  0.4720, demand zone.

Support 2:                                    0.4675, (support on 30-minute chart).

Support 3:                                    0.4390, 24th June low.

Resistance  1:                          0.4855, 38.2% Fibonacci.

Resistance 2:                          0.4910, descending trend line & 100MA.

Resistance  3:                           0.5000, 50% Fibonacci & supply zone entry.