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  • Ripple trading firmly in the red, losses seen at just shy of 3%, in the latter part of Tuesday.  
  • XRP/USD key near-term demand area is propping up the price, preventing huge selling pressure. Buying areas are seen within $0.4700 and then $0.4500-0.4300.
  • Key supply areas of note; $0.5000 and $0.5500 seen on 60-minute chart view.  

 

 

XRP/USD 60-minute chart  

Chart to follow.  

 
 

Spot rate:                   0.47970

Relative change:       -2.80%

High:                          0.49365

Low:                           0.46921

 

Trend:                        Bearish

 

Support 1:                 0.47000, demand zone.

Support  2:                 0.46800, support on 60-minute.

Support  3:                 0.45500, buying area.

Resistance  1:            0.49000, supply zone.  

Resistance  2:            0.50000, psychological resistance.

Resistance  3:            0.55000, supply area.