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  • Ripple was seen extending on the rebound foundations that were set on Monday.
  • XRP/USD made a break out of a bullish pennant pattern, the breach came just ahead of the $0.54 level.
  • Next barrier for Ripple is seen just ahead, supply zone tracking from $0.56-0.5650.

 

XRP/USD 30-minute chart:

 

Spot rate:                                     0.5538

Relative change:               + 2.80%

High:                                                   0.5567

Low:                                                       0.5340

 

Trend:                                                 Bullish

 

 

Resistance 1:                           0.5565, (resistance on 60-minute).

Resistance 2:                           0.5600, supply zone.

Resistance 3:                           0.5685, 14th June high.

Support 1:                                  0.5441, (support on 60 minute)

Support 2:                                    0.5370, top of pennant pattern & 50MA.

Support 3:                                    0.5290, 100MA.