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  • Ripple’s XRP was seen holding decent gains in the latter stages of Wednesday, up just shy of 8%.
  • XRP/USD must breakdown $0.4000 region for greater upside, otherwise the price could be sent back south.  
  • Price produces a double top area, sees XRP/USD eases off the session high.

 

XRP/USD 4-hour chart

 
 

Spot rate:                   0.3912

Relative change:       +8.02%

High:                          0.3635

Low:                           0.3629

 

Trend:                         Bullish

 

Resistance 1:              0.3950, double top area.

Resistance  2:              0.4000, psychological resistance.  

Resistance  3:              0.4082, daily pivot point resistance.  

Support 1:                   0.3457, daily pivot point support.

Support 2:                   0.3286, daily pivot point support.

Support 3:                   0.3145, daily pivot point support.