Ripple Technical  Analysis: XRP/USD slammed by bears, forced to retreat in critical near-term demand zone.

• Ripple trading firmly within negative territory, down over 2% through the mid-point of Wednesday’s session.
• XRP/USD requires support within vital near-term demand zone, as pressure mounts.  
• Descending trend line has been seen running from 4th October, containing upside.  

XRP/USD 60-minute chart  

Spot rate:                   0.47191

Relative change:       -2.06%

High:                          0.48181

Low:                           0.46237

Trend:                        Bearish

Support 1:                 0.4685-00, demand zone.

Support  2:                 0.44200, consolidation & low area 25 September.

Support  3:                 0.40500, support on 60-minute chart.

Resistance  1:            0.47700, descending trend line.  

Resistance  2:            0.48150, 50 & 100MAs (60-minute).  

Resistance  3:            0.49600, supply zone.