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  • Ripple price was seen down a chunky 5% on Tuesday, as the firm pressure from the bears intensifies.  
  • XRP/USD crashed down below $0.25, where a demand zone kicked into play.
  • Price action has formed a rising wedge pattern, which looks worrying, demonstrating another breakout south is potentially pending.  

 

XRP/USD 30-minute chart


 

Spot rate:                    0.25889

Relative change:        -5.57%

High:                           0.27756

Low:                            0.24653

Trend:                         Bearish

 

Support 1:                        0.25815, lower part of rising wedge.

Support 2:                        0.25269, (support on 30-minute chart).

Support 3:                        0.24653, today’s (Tuesday) low.

Resistance 1:              0.26853, upper part of rising wedge.

Resistance 2:             0.27690, 50MA.

Resistance 3:             0.28655, supply zone & 100MA area.