Home Ripple Technical  Analysis: XRP/USD price sees huge development, as it escapes the bearish shackles
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Ripple Technical  Analysis: XRP/USD price sees huge development, as it escapes the bearish shackles

  • Ripple price on Thursday seen up around 1% in the session, as the price bounce solid bounce.  
  • XRP/USD saw decent buying in the back end of Wednesday’s session, jumping from $0.25 up into the $0.27 region.  
  • The price managed to break back above a descending trend line, that had contained upside since 6th September.

 

 

XRP/USD 4-hour chart  


 
Spot rate:                   0.27217

Relative change:        +0.95%

High:                           0.27600

Low:                            0.26724

 

Trend:                         Bullish/Neutral  

 

Support 1:                   0.26680, above broken descending  trend line.  

Support    2:                  0.26120, support on 4-hour chart.

Support    3:                  0.25450, demand zone.

Resistance 1:              0.27500, resistance on 4-hour chart.

Resistance 2:             0.27935, 50MA.

Resistance 3:             0.28755,  supply zone.

 

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