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  • Ripple is extending on the foundations that were laid on Tuesday, seen up 1.2%.
  • Like a number of other altcoins a bullish pennant pattern can be eyed on XRP/USD.  

 

XRP/USD 60-minute chart

 

 

Spot rate:                                    0.51300.

Relative change:         +1.20%.

High:                            0.52467.

Low:                             0.50651.

 

Trend:                          Neutral/Bullish.

 

Resistance  1:              0.51692, upper part of pennant pattern.  

Resistance 2:              0.51876,  (resistance on 60-minute chart).

Resistance 3:                0.52467, today’s (Wednesday) low.  

Support 1:                   0.50857, lower part of pennant.  

Support 2:                   0.50673,  (support on 60-minute chart).  

Support 3:                   0.49250 demand zone.