- 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.