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Ripple Technical Analysis: XRP/USD stays neutral as choppy trading action persists ahead of weekend

  • 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.

XRP/USD daily chart

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).

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