Ripple Technical Analysis: XRP/USD chunky supply zone proves too much for the bulls, momentum is not strong enough yet again to break down $0.47

• Ripple was seen up very marginally for now, around 0.15%, however price was subject to some further selling given failed breakdown of supply zone.  
• XRP/USD bulls are stopped in their tracks again by $0.47 territory, where the bears sit and jump in on the selling.  

XRP/USD 60-minute chart

 

Spot rate:                  0.46018

Relative change:        +0.15%

High:                          0.47025

Low:                           0.4588

Trend:                         Neutral

Support 1:                 0.45723, 100MA.

Support 2:                  0.45027, a supporting area over the past 6 sessions.  

Support 3:                  0.43810, 24th July low.  

Resistance 1:             0.46100, 50MA.

Resistance 2:             0.46680, supply zone entrance in the run to $0.4700.  

Resistance 3:             0.47000, strong resistance area.