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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.