- Ripple is seen up once again on Thursday, gains of 2.5%, as it continues to recover the deep losses.
- XRP/USD is currently on a 2 consecutive session run, after produced a hammer candlestick.
- Yesterday, Wednesday 15th, a long wick was produced, which is on course to be filled with today’s upside momentum, should that be maintained.
XRP/USD daily chart
XRP/USD 30-minute chart
Spot rate: 0.28820
Relative change: +2.79%
High: 0.29603
Low: 0.27558
Trend: Bearish
Support 1: 0.28480, 100MA & demand area.
Support 2: 0.28057,50MA.
Support 3: 0.26605, 14th August consolidation area.
Resistance 1: 0.29580, (resistance on 60-minute chart).
Resistance 2: 0.30260, 15th August high.
Resistance 3: 0.31000, supply zone.
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