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  • Ripple’s XRP was seen trading broadly flat on Thursday, but appeared subject to a possible breakout north.
  • XRP/USD price action like several other cryptocurrencies, has formed a bullish flag pattern.
  • Japan’s SBI Group are within talks to create a project for its R3, which uses XRP  extensively.  

 

XRP/USD 60-minute chart  


 

Spot rate:                   0.4529

Relative change:       +0.11%

High:                          0.4594

Low:                           0.4365

 

Trend:                        Neutral

 

Support 1:                  0.4500, lower trend line of bull flag & 100MA (60-minute).

Support  2:                  0.4480. 50MA (60-minute).  

Support  3:                  0.4380, demand zone.

Resistance 1:             0.4539, upper part of flag pattern.

Resistance 2:             0.4595, 31 October high.

Resistance 3:             0.4624, area of supply & daily pivot point resistance.