Ripple Technical Analysis: XRP/USD price action remains dictated by rising wedge pattern, bulls still have chance for upside, before another drop south

• Ripple price nursing minor losses on Thursday of 0.60%, as mixed trading across the crypto market continues.
• XRP/USD broke out of a supporting ascending trend line, running from 18th June.

XRP/USD 30-minute chart

Spot rate:                                     0.53644

Relative change:               -0.60%

High:                                                     0.54965

Low:                                                        0.53280

Trend:                                                   Bearish/Neutral

Support 1:                                  0.53504, (support on 30-minute chart).

Support 2:                                    0.53250, 50% Fibonacci.

Support 3:                                    0.52600, (support on 30-minute chart) & 61.8% Fibonacci.

Resistance 1:                           0.53916, underneath the ascending trend line & 38.2% Fibonacci.

Resistance 2:                          0.54000, 50MA & 100MA.

Resistance  3:                          0.54400, (resistance on 30-minute chart).