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  • Ripple was seen trading broadly flat, after the bears sold the rally seen on Tuesday.  
  • XRP/USD is moving within a ascending channel pattern, seen on the 60-minute chart, coming after the sellers kicked in at Tuesday’s highs.  

XRP/USD 60-minute chart


Spot rate:                  0.45717

Relative change:        -0.10%

High:                          0.46538

Low:                           0.45185


Trend:                         Neutral


Resistance 1:            0.46000, (resistance on 60-minute chart).

Resistance 2:             0.46400,  supply zone entrance.

Resistance 3:            0.47070, 24th July high.  

Support 1:                 0.45470, lower part of ascending channel.

Support 2:                 0.45435, 100MA.

Support 3:                 0.45380, 50MA.