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  • Ripple seen holding gains of just over 1% during trading on Tuesday, after a soft session seen on Monday.
  • XRP/USD had a big scare after threatening key near-term support, but bulls charged in quickly.  
  • Rising wedge pattern seen still remaining intact, with the price grinding higher within.

 

XRP/USD 4-hour chart

Spot rate:                   0.33877  

Relative change:        +1.33%

High:                           0.34108

Low:                            0.33168

 

Trend:                         Bearish

 

Resistance 1:              0.34250,  resistance on 4-hour chart.  

Resistance 2:             0.35000, supply area  

Resistance 3:             0.35650, upper part of wedge pattern.

Support 1:                   0.33550, lower part of wedge.

Support    2:                  0.33350, 100MA & within demand area.

Support    3:                  0.32300, 30 August low.