Ripple Technical Analysis: XRP/USD slammed almost 20% in the past two days, price saved for now by buying around the $0.55 area

  • Ripple price added to the deep losses encountered over the weekend, down 1.4% on Monday.
  • XRP/USD has fallen almost 20%, from heights of $0.68 down to $0.55.
  • The near-term bear move may not be over yet, could very much just be a deep breath before further commitment.

 

XRP/USD 60-minute chart

Spot rate:                    0.5726

Relative change:         -1.35%

High:                            0.5916

Low:                            0.5582

 

Trend:                          Bearish

 

 

Support 1:                   0.5515 (support on 60-minute chart).

Support 2:                   0.5440, 29th May low.   

Support 3:                   0.4915 (support on 60-minute chart).

Resistance 1:              0.5755 (resistance on 60-minute chart).

Resistance 2:              0.5928, resistance on 60-minute chart).

Resistance 3:              0.6071, 50MA.

 

 

 

 

 

 


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