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Ripple’s XRP/USD narrowing price action warranting a breakout

  • Ripple’s XRP is seen holding minor gains of 0.30% on Friday’s session.  
  • XRP/USD price action via the 60-minute chart view, narrowing, with breakout seen as very likely.
  • Ripple reported large sales increase in XRP tokens, doubled revenue in Q3 vs. Q2 2018.

 

XRP/USD 60-minute  chart  

 

Spot rate:                   0.46140

Relative change:       +0.29%

High:                          0.46669

Low:                           0.45481

 

Trend:                        Neutral

 

Support 1:                  0.45970, 100MA.

Support  2:                  0.45760, lower supporting trend line.

Support  3:                  0.44150, demand zone.

Resistance  1:             0.46419, upper trend line resistance.

Resistance  2:             0.47000, 60-minute resistance.

Resistance  3:             0.50000,   psychological level.  

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