Ripple Technical  Analysis: XRP/USD struggling to break chunky supply now in $0.50 area, at danger of sellers pilling in

• Ripple price on Monday observes a bounce, in the green by over 2% in the session.
• XRP/USD having difficulty again clearing a supply block within the $0.50 territory.  

XRP/USD 60-minute chart  

Spot rate:                   0.49444

Relative change:       2.42%

High:                          0.50203

Low:                           0.47924

Trend:                        Bullish.

Resistance  1:            0.50000, 100MA (60-minute) & psychological resistance.  

Resistance  2:            0.52000, choppy supply area.

Resistance  3:            0.54850, 4th October high.    

Support 1:                 0.48850,  support on 60-minute chart.

Support  2:                 0.48050, 50MA (60-minute chart).

Support  3:                 0.46900, demand zone.