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  • Ripple’s XRP price held modest gains of some 0.3% in the latter stages of trading on Friday.  
  • XRP/USD produced a double top formation, as seen on the 60-minute chart view.  
  • After the above-mentioned pattern formation, eyed on the neckline of $0.4560-70 area.  

 

XRP/USD 60-minute chart  


 

Spot rate:                   0.4606

Relative change:        +7.22%

High:                          0.4595

Low:                           0.4484

 

Trend:                         Neutral

 

Resistance 1:              0.4645, double top area.

Resistance 2:              0.4665, daily pivot point resistance.

Resistance 3:              0.4741, 23rd October high area & daily pivot point resistance.

Support 1:                   0.4565, neckline as part of double top pattern.

Support 2:                   0.4553, support on 60-minute & 50MA.  

Support 3:                   0.4379, 29 & 31st October bottom area.