Ripple Technical Analysis: XRP/USD must have been scheduled for take off on the first day of trading for the month of August and Ripple to partner with Madonna

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  • Ripple price was seen higher on Wednesday, one of the out performers up almost 4%.
  • XRP/USD shot into the sky, jumping some 7.5%, before running into resistance at the highs of $0.46310.
  • In terms of news flow, Ripple are to partner with Madonna to fund raise for orphans in Malawi.
  • Other news,  Bill Clinton will be headlining Ripple’s Swell conference later this year.

 

XRP/USD 60-minute chart

 

Spot rate:                   0.45243

Relative change:       +3.90%

High:                          0.46310

Low:                           0.42577
 
Trend:                        Bullish

 
 

Resistance 1:            0.46000, resistance on 60-minute chart.

Resistance 2:            0.46650, supply zone.

Resistance 3:            0.4705-10, high area for 24th and 26th July.

Support 1:                 0.44605, 100MA.

Support 2:                0.44100, demand zone & 50MA.

Support 3:                0.43050, (support on 60-minute chart).

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