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  • Ripple’s XRP nursing minor losses of just some 0.5%, through the mid-point of the session on Monday.
  • XRP/USD price action has formed a bullish pennant pattern, subject to a breakout higher.
  • Bulls are still locked in on a near-term upside target of $0.5000.

 

XRP/USD 60-minute chart  

 
 

Spot rate:                   0.4670

Relative change:       -0.50%

High:                          0.4770

Low:                           0.4487

 

Trend:                        Neutral

 

Resistance  1:            0.4680, resistance on 60-minute chart.

Resistance  2:            0.4750, supply area.

Resistance  3:            0.4809, daily pivot point resistance.

Support 1:                 0.4635, lower part of pennant.  

Support  2:                 0.4598,  50 & 100MAs.

Support  3:                 0.4525, daily pivot point support.