- 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.