- 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%
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.