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  • Ripple price on Wednesday had some life kicked back into it, jumping as much as 5%.
  • XRP/USD receives decent bidding in touted demand zone around $0.4350.
  • Price action moving in withing rising wedge, possibility of a bull trap is eyed.  

 

XRP/USD 60-minute chart  


 

Spot rate:                    0.54970

Relative change:        +4.80%

High:                           0.57454

Low:                            0.48367

 

Trend:                         Bullish.

 

Resistance 1:               0.57670,  upper trend line of wedge.  

Resistance 2:               0.59750, supply area.

Resistance 3:                0.70000,   resistance on 60-minute chart.

Support 1:                  0.53920, session low area & key consolidation territory.

Support 2:                    0.49330, 22 September low.

Support 3:                  0.43500, demand zone.