- Ripple was seen up some decent 5% in gains on Wednesday, after being dealt serious blows over the past couple of weeks.
- XRP/USD has seen the formation of a reversal candlestick on the daily and a bullish pennant observed on the 30-minute chart.
XRP/USD 30-minute chart
Spot rate: 6395.3
Relative change: +3.33%
Resistance 1: 0.28893, upper part of pennant.
Resistance 2: 0.29000, supply zone.
Resistance 3: 0.29200, (resistance on 30-minute chart).
Support 1: 0.28289, lower part of pennant.
Support 2: 0.27435, 50MA & 100MA crossover.
Support 3: 0.26500, (support on 30-minute chart).