- XRP/USD sticks to small recovery gains near 0.45 on Friday.
- Today’s rise seems to be a technical correction that is not strong enough to change the short-term bearish outlook.
Spot rate: 0.4440
Relative change: +1.3%
High: 0.4450
Low: 0.4370
Trend: Bearish
Support 1: 0.4240 (Jun. 29 low/2018 low).
Support 2: 0.3500 (bottom line of the daily linear regression channel).
Support 3: 0.3000 (psychological level).
Resistance 1: 0.4500 (daily high/psychological level).
Resistance 2: 0.4690 (20-DMA).
Resistance 3: 0.5000 (psychological level/static resistance).