Ripple Technical Analysis: XRP/USD slammed another 4% on Tuesday, as price loses ground again within early $0.60 territory

  • Ripple price was under further pressure on Tuesday from the bears, as the price ran into difficulty within the early $0.60 area.
  • XRP/USD price behaviour is still choppy, suggesting of no commitment yet.
  • Vital near-term support is need at $0.54, a break below could see $0.40 back into the picture.

 

XRP/USD 60-minute chart

Spot rate:                    0.5743

Relative change:         – 4.00%

High:                            0.5982

Low:                            0.5718

 

Trend:                          Bearish

 

 

Support 1:                   0.5750, (support on 60-minute chart).

Support 2:                   0.5600, (support on 60-minute chart).

Support 3:                   0.5440, 29th May low.  

Resistance 1:              0.5846, 50MA.

Resistance 2:              0.6000, supply zone entry.

Resistance 3:              0.6220, 100MA.  

 

 

 

 

 

 


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