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- On Monday, the price of the ripple was reduced by a slight 0.7%, as the bulls continue to not exceed the downtrend.
- The XRP / USD price action is moving within a descending channel model, the upper trend line has been tested but has not yet been resolved.
60-minute XRP / USD chart
Spot frequency: 0.27896
Relative change: -0.73%
High: 0.28355
Low: 0.27700
[19659005] Trend: Bearish
Support 1: 0.27400, 50MA (4 hours).
Support 2: 0.26800, support on 4-hour chart.
Support 3: 0.25500, heavy demand area.
Resistance 1: 0.28200, resistance, upper descending trend line.
Resistance 2: 0.28600, resistance on the 4 hour chart.
Resistance 3: 0.29380, 100MA (4 hours)
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