Ripple Technical  Analysis: XRP/USD bulls break descending channel and retest for a rest, before next move

• Ripple price seen up just over 1% on Thursday, as bulls look to regather upside momentum.
• XRP/USD broke up to the upside from a descending channel pattern, in the session on Thursday.

XRP/USD 60-minute chart  

Spot rate:                   0.53460

Relative change:       +1.17%

High:                          0.54960

Low:                           0.52569

Trend:                        Bullish/Neutral.

Resistance  1:             0.54800, resistance on 60-minute chart.

Resistance  2:             0.55470, 100MA (60-minute) & supply area.

Resistance  3:             0.57320, 26 September high.

Support 1:                  0.53300, 50MA (60-minute).

Support 2:                  0.52750, on top of broken channel.

Support 3:                  0.51630, support on 60-minute chart.