Ripple Technical Analysis: XRP/USD produces a number of wicks to the upside failing to break game changing resistance

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  • Ripple price on Friday was seen nursing minor losses of 1% in the session, after decent upside was observed on Thursday.
  • XRP/USD ran into resistance within $0.2850 area, 9th September highs, price edging back towards broken channel. 

 

 

XRP/USD 4-hour chart 


 

Spot rate:                  0.27680

Relative change:       -0.96%

High:                          0.28523

Low:                           0.27683

 

Trend:                        Bearish

 

Resistance 1:            0.28500, supply zone.

Resistance 2:            0.29115, 9th September high.

Resistance 3:            0.30500, 6/7 September high area.

Support 1:                  0.25500, demand zone.

Support  2:                 0.25350, on top of broken descending channel.

Support  3:                 0.24668, 14th August low.

 

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