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Ripple Technical Analysis: XRP / USD beaten and fight to find the bottom: Ripple and R3 reach an agreement after the legal battle

  • On Wednesday, the price of the swings worsened further, slipping down into the territory by $ 0.25.
  • The XRP / USD is rechecking an interrupted demand area, which will now act as a resistance
  • Ripple and R3 have reached an agreement that has not been disclosed "all the pending litigation ", this is now putting an end to the legal battle, involving a portion of cryptocurrency token, in a time worth about $ 19 billion.

XRP / USD Chart 60 minutes

Spot frequency: 0.25913

Relative change: -158%

High: 0.26457

Low: 0.25325

Trend : Bearish

Support 1: 0.25850, 50MA.

Support 2: 0.25450, support on the 60 minute chart.

Support 3: 0.25222, September 11th low

Resistance 1: 0.26000, new supply entry, previous demand zone.

Resistance 2: 0.26311, 100MA.

Resistance 3: 0.26738, resistance on the 60 minute chart.

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