- Ripple price further battered on Wednesday, slipping down into $0.25 territory.
- XRP/USD is re-testing a broken area of demand, now likely to act as resistance.
- Ripple and R3 reached a settlement of which remains undisclosed on “all outstanding litigation,” this is now ending the legal fight, involving a portion of cryptocurrency tokens, at a time worth around $19 billion.
XRP/USD 60-minute chart
Spot rate: 0.25913
Relative change: -158%
High: 0.26457
Low: 0.25325
Trend: Bearish
Support 1: 0.25850, 50MA.
Support 2: 0.25450, support on 60-minute chart.
Support 3: 0.25222, 11th September low.
Resistance 1: 0.26000, entrance to new supply, former demand zone.
Resistance 2: 0.26311, 100MA.
Resistance 3: 0.26738, resistance on 60-minute chart.
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