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  • Ripple price is under performing on Friday, down over 2%, following a choppy week.  
  • XRP/USD is moving within a descending channel pattern formation, as seen on the 60-minute chart.    

XRP/USD 60-minute chart  

Spot rate:                   0.51819

Relative change:       -2.03%

High:                          0.53300

Low:                           0.51042

Trend:                        Bearish.

Support 1:                  0.51078, lower trend line of channel.

Support 2:                  0.51000, demand zone.

Support 3:                  0.50000, psychological support. .

Resistance  1:             0.51950,  upper part of channel.

Resistance  2:             0.52822, 50MA (60-minute).

Resistance  3:             0.54750, 4th October high area.