Ripple Technical Analysis: XRP/USD continues to stumble within $0.55-56 area, price holds modest gains of 2%, but at threat of erasing those

• Ripple gathers small momentum to the upside, which may simply be the bears taking a break from the selling pressure.
• XRP/USD continues to falter within the $0.55-56 region, as move to the upside lacks commitment.
• Price has broken a near-term supporting trend line, with a return to the $0.51 being a possibility.

XRP/USD 30-minute chart

Spot rate:                                     0.5403

Relative change:               +2.06%

High:                                                       0.5565

Low:                                                       0.5188

Trend:                                                   Neutral/Bullish

Resistance 1:                        0.5440, (resistance on 60-minute chart).

Resistance 2:                        0.5500, supply zone.

Resistance 3:                        0.5619, 13th June high.

Support 1:                                 0.5345, 50MA.

Support 2:                                   0.5197, (support on 60-minute chart).

Support 3:                                   0.5041, 13th June low & (support on 60-minute chart)