Ripple Technical  Analysis: XRP/USD appears vulnerable with the ascending wedge pattern seen, SEC verdict still awaited on whether securities laws apply

• Ripple seen holding modest gains on Monday of 1%, with cryptocurrency market seen up across the board.
• XRP/USD has formed an ascending wedge pattern, subject to a potential break lower.  
• Markets still await SEC verdict, as XRP token remains a centre of debate, whether securities laws apply.  

XRP/USD 60-minute chart

Spot rate:                    0.45275

Relative change:         +0.88%

High:                           0.46450

Low:                            0.44700

Trend:                        Neutral/Bullish

Support 1:                  0.45141, lower part of ascending wedge.  

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Support 2:                  0.44692, (support on 60-minute chart).    

Support 3:                  0.43355, demand zone.  

Resistance  1:             0.45450, 50MA.  

Resistance 2:             0.45785, 100MA.  

Resistance 3:             0.46445, upper part of ascending  wedge.