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  • Ripple seen down over 4% on Friday, as the price continues to head lower after losing steam two sessions ago.
  • XRP/USD is moving within a descending channel south as seen on the 60-minute chart.
  • Ripple is currently running at a three consecutive sessions of losses.


XRP/USD 60-minute chart



Spot rate:                    0.45774

Relative change:         -4.04%

High:                           0.47691

Low:                            0.44634


Trend:                        Bearish


Resistance  1:             0.46127, upper part of descending channel.

Resistance 2:              0.46454, (resistance on 60-minute chart).

Resistance 3:             0.47691, today’s (Friday) high.

Support 1:                  0.44255, lower part of descending channel.

Support 2:                  0.44634, today’s (Friday) low.

Support 3:                  0.43300, demand zone entrance.