Ripple Technical Analysis: XRP/USD not off to a good start for the week, as price drops 2.5%, saved for now by demand zone in early $0.50 territory, but $0.45 eyed by bears.

• Ripple price hit at the start of the week, drops 2.5% on Monday, close to giving up $0.50 territory to the downside.
• XRP/USD manged to find some support in a touted demand zone, when price bounced after being oversold, looking at the RSI within the 30-minute time frame.
• Exposure by the bears of $0.50, could very much open large selling down to $0.45.

XRP/USD 30-minute chart

Spot rate:                                     0.5128

Relative change:               -2.50%

High:                                                     0.5265

Low:                                                       0.5037

Trend:                                                   Bearish

Support 1:                                  0.5037, today’s (Monday) lows & 13th June.

Support 2:                                    0.4910, (support on 30-minute chart).

Support 3:                                    0.4555, 1st April lows.

Resistance 1:                           0.5225, 50MA.

Resistance 2:                           0.5275, 100MA & descending trend line.

Resistance 3:                           0.5410, 17th June high.