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  • 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.