Ripple’s XRP  technical analysis: XRP/USD bulls readying to smash through $0.5000 and beyond

• XRP  price in the second half of Wednesday is holding decent gains of 4%.  
• XRP/USD price action has broken out from another bullish pennant structure, seen via the 4-hour view.  
• The next major target area for the bulls appears to be the big psychological $0.5000 mark.  

Spot rate:                  0.4835

Relative change:       +4.10%

High:                         0.4940

Low:                          0.4594

XRP/USD 4-hour- chart

• Price action via the 4-hour chart view has broken out the upside from a bullish pennant formation.  

XRP daily chart

• Momentum to the upside has been strong since the consolidation escape from mid May to late June.