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Ripple’s XRP technical analysis: XRP/USD lost ground at monthly high

  • Ripple’s XRP price in the second part of Friday is trading with decent gains of just some 2.5%.  
  • XRP/USD was dealt a blow in the session on Thursday, giving back its advances, after retesting the month highs for May.  
  • The noted barrier appears to be the last major area of resistance ahead of $0.50 return.  

 

Spot rate:                   0.4267

Relative change:       +2.55%

High:                          0.4311

Low:                           0.4069

XRP/USD 60-minute chart

  • Price action via the 60-minute chart view is breaking out of a near-term range, after consolidating.

 

XRP/USD daily chart

  • Price action via the daily is retesting a breached pennant pattern formation, if the support holds, eyes may be on further upside.  

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