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  • Ripple is one of the out performers on Friday, holding gains of around 2% in the session.
  • XRP/USD price managed to jump some 4% higher in the early hours of trading, before moving back within consolidation mode.
  • Price action did form a bullish pennant pattern, which looks subject to invite another breakout to the upside.  


XRP/USD 30-minute chart


Spot rate:                    0.43899

Relative change:        +2.02%

High:                          0.44600

Low:                           0.42523

Trend:                         Bearish


Support 1:                  0.43816, lower part of pennant.  

Support 2:                  0.43780, demand zone.  

Support 3:                  0.43500, 50MA.

Resistance 1:             0.43920, 100MA.

Resistance 2:             0.43970, upper part of pennant.

Resistance 3:             0.44405, (resistance on 30-minute chart).