- Ripple price on Friday was seen nursing some losses of over 2%, as the mid $0.50 region proves to be troublesome.
- Despite that XRP/USD is within negative territory, the price is being supported by an ascending trend line.
- On the 30-minute chart, a head and shoulders pattern formation can be seen, with the left shoulder and head already taken shape.
XRP/USD 30-minute chart
Spot rate: 0.5465
Relative change: -2.00%
High: 0.5600
Low: 0.5389
Trend: Bearish
Support 1: 0.5405, 100MA.
Support 2: 0.5385, ascending trend line / H&S neckline.
Support 3: 0.5197, (support on 30-minute chart).
Resistance 1: 0.5490, 50MA.
Resistance 2: 0.5600, supply zone.
Resistance 3: 0.5684, 14th June high.
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