Ripple Technical  Analysis: XRP/USD bears tear apart critical demand area showing no mercy

• Ripple one of the hardest slammed on Thursday, as the market bears enjoy a wave of selling pressure, odwn over 12%.
• XRP/USD lost huge ground after a vital near-term demand area, $0.4700 was breached.

XRP/USD 60-minute chart  

Spot rate:                   .0.40800

Relative change:       -12.67%

High:                          0.46658

Low:                           0.39990

Trend:                        Bearish

Support 1:                 0.40000, large support on 60-minute chart.

Support  2:                 0.38800,  demand zone.

Support  3:                 0.36850, Consolidation area 20 September.  

Resistance  1:            0.41000, resistance on 60-minute chart.

Resistance  2:            0.42350, supply area.

Resistance  3:            0.44000, prior strong demand zone, new resistance.