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

• 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).