Ripple Technical Analysis: XRP/USD worrying signs are still clearly displayed, with narrowing price action, ahead of next potential plummet

• Ripple price is seen up with decent gains on Monday, just shy of 3% in the session.    
• XRP/USD price action has been narrowing somewhat, trading within a 1 cent range, which suggests potential trouble ahead.  
• Bears extreme downside target looks to be for a complete reversal of the 2017 bull run, back towards $0.20.  

XRP/USD daily chart

Spot rate:                    0.30396

Relative change:        +2.84%

High:                           0.30998

Low:                            0.29480

Trend:                         Bullish  
 

Resistance 1:              0.30850, entrance to supply zone.  

Resistance 2:             0.31300, 11th August high.

Resistance 3:             0.31717, 100MA.

Support 1:                  0.30050, 50MA.

Support 2:                  0.29250, entrance to demand zone.  

Support 3:                  0.28800, 11th August low.