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Ripple Technical  Analysis: XRP/USD flying to the moon, playing among the stars

  • Ripple jumps another 20% on Friday, big chunky gains, as price remains very erect.
  • XRP/USD rallies firmly to the upside, highest levels seen since June.

 

 

XRP/USD 4-hour chart  


 

Spot rate:                    0.53079

Relative change:        +18.5%

High:                           0.54905

Low:                            0.42604

 

Trend:                         Bullish.

 

Resistance 1:                0.55200, session high & last high 21 June high, before further market tumble.

Resistance 2:                0.56050, resistance on 4-hour chart.

Resistance 3:                 0.56860, 14th June high

Support 1:                   0.51880, support on 4-hour chart.

Support 2:                     0.50700, demand zone.  

Support 3:                   0.45000-0.46000, consolidation area end July-August.

 

 

 

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