- Ripple price on Monday was seen down a minor 0.7%, as the bulls continue to fail to break above descending trend line.
- XRP/USD price action is moving within a descending channel pattern, the upper trend line has been tested, but not been broken as of yet.
XRP/USD 60-minute chart
Spot rate: 0.27896
Relative change: -0.73%
High: 0.28355
Low: 0.27700
Trend: Bearish
Support 1: 0.27400, 50MA (4-hour).
Support 2: 0.26800, support on 4-hour chart.
Support 3: 0.25500, chunky demand zone.
Resistance 1: 0.28200, resistance, upper descending trend line.
Resistance 2: 0.28600, resistance on 4-hour chart.
Resistance 3: 0.29380, 100MA (4-hour)