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  • Ripple price is nursing losses of X, despite the small downturn in the session, hope may not be over for the bulls yet.
  • XRP/USD despite the negative trading seen during the session on Thursday, price action has been forming a bullish pennant.

 

XRP/USD 60-minute chart

 

Spot rate:                                     0.48183

Relative change:               -2.01%

High:                                                   0.50472

Low:                                                      0.47800

 

Trend:                                                 Bearish

 

 

Support 1:                                  0.47613, lower part of possible pennant.

Support 2:                                    0.45567, (support on 60-minute chart).

Support 3:                                    0.44000, demand zone.

Resistance  1:                          0.48307, 100MA.

Resistance 2:                          0.49037, 50MA.

Resistance 3:                          0.49905, upper part of pennant.