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  • XRP was seen down as much as 4.5% through the mid-point of trading on Monday.
  • The falling price of XRP/USD was caught by some support at the $0.4400, within a known demand area.  
  • Prices weighted to the downside across the board, with a notable pick up in volumes.  
  • Any failure of $0.4400 area holding, a fast move back towards the $0.4000 mark could come into play.
  • RSI currently demonstrates XRP/USD has dipped into oversold territory.  

 

XRP/USD 4-hour  chart  


 

Spot rate:                   0.44176

Relative change:       +0.10%

High:                          0.46260

Low:                           0.43294

 

Trend:                        Bearish

 

Support 1:                  0.44000, lower part of pennant pattern & demand area.  

Support  2:                  0.41700, consolidation area 12-14 October.  

Support  3:                  0.40000, big area of support and demand zone.  

Resistance  1:             0.45610, 100MA.

Resistance  2:             0.46000, 50MA & upper part of pennant.  

Resistance  3:             0.48500, resistance on 4-hour chart.