Ripple Technical Analysis: XRP/USD takes a life saving bounce off an ascending trend line, keeping on path to big recovery

• Ripple price was seen down marginally in the early part of Monday’s session of some 1.50%.
• XRP/USD downside pressure was stopped and price supported by an ascending trend line, running from 14th August.
• $0.35-0.37 remains a barrier that will need to be over come by the bulls for additional buying pressure.

XRP/USD 60-minute chart

Spot rate:                    0.33463

Relative change:        -1.80%

High:                           0.35086

Low:                            0.32765

Trend:                         Bearish
 

Support 1:                   0.33382, 50MA.  

Support    2:                  0.33094, ascending trend line.  

Support    3:                  0.32591, 100MA.

Resistance 1:              0.34220, (resistance on 60-minute chart).  

Resistance 2:             0.35150, supply entrance.  

Resistance 3:             0.37409,  17th August high.