Ripple Technical  Analysis: XRP/USD bulls storm out of a descending channel, leaping 5.5% initially, but barrier ahead

• Ripple sees some chunky upside initially of 5.5% before running into resistance, however up some 2.5% on Tuesday.  
• XRP/USD bulls had smashed through a descending channel pattern.  
• A barrier sits just ahead tracking from $0.4620-0.4660 area, a clearance should open up for further buying.  

XRP/USD 30-minute chart

Spot rate:                    0.45524

Relative change:         +2.3%

High:                           0.46274.

Low:                            0.43800.

Trend:                         Bullish.

Resistance  1:              0.46274, today’s (Tuesday high.  

Resistance 2:             0.46500, supply zone.

Resistance 3:             0.46819, 20th July high.

Support 1:                  0.45257, 100MA.

Support 2:                  0.44920, 50MA.

Support 3:                  0.44000, on top of broken channel.