Ripple’s XRP Technical Analysis: XRP/USD breaks out from bull flag set up, here come the bulls

• Ripple’s XRP was seen up with gains of around 0.60% heading through the mid-point of Monday’s session.  
• XRP/USD bulls broke out to the upside from a bullish flag pattern formation.  
• Big buyers remained firm within the $0.5000 area, after cooling of price seen over the past few sessions.  

XRP/USD 60-minute chart  
 
 

Spot rate:                   0.5102

Relative change:       +0.65%

High:                          0.5105

Low:                           0.4955

Trend:                        Bullish

Resistance  1:            0.5113, 12 November upper wick high.  

Resistance  2:            0.5121, daily pivot point resistance.

Resistance  3:            0.5173,  daily pivot point resistance.

Support 1:                 0.5048, above breached flag.  

Support  2:                 0.5000,  psychological  area of support.  

Support  3:                 0.4987,  daily pivot point support.