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  • 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.