Ripple’s XRP Technical Analysis: XRP/USD vigorously flirting with the big $0.5000 mark

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  • Ripple’s XRP price seen up with modest gains of some 0.70% through the mid-point of Friday’s session.
  • XRP/USD price action is trading within a descending channel formation. 

 

XRP/USD 60-minute chart 

 
 

Spot rate:                  0.5003

Relative change:      +0.70%

High:                         0.5190

Low:                          0.4984

 

Trend:                       Neutral.

 

Support 1:                0.4990, support on 60-minute. 

Support 2:                0.4813, lower part of channel & support on 60-minute. 

Support 3:                0.4765, daily pivot support.

Resistance 1:           0.5090, upper part of channel.

Resistance 2:           0.5165, 50 & 100MAs.

Resistance 3:           0.5280, daily pivot resistance.

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