Ripple Technical Analysis: XRP/USD ejects into the sky, high anticipation with SBI Holdings testing Ripple's xRapid
|- Ripple is one of the out performers on Friday, holding gains of around 2% in the session.
- XRP/USD price managed to jump some 4% higher in the early hours of trading, before moving back within consolidation mode.
- Price action did form a bullish pennant pattern, which looks subject to invite another breakout to the upside.
XRP/USD 30-minute chart
Spot rate: 0.43899
Relative change: +2.02%
High: 0.44600
Low: 0.42523
Trend: Bearish
Support 1: 0.43816, lower part of pennant.
Support 2: 0.43780, demand zone.
Support 3: 0.43500, 50MA.
Resistance 1: 0.43920, 100MA.
Resistance 2: 0.43970, upper part of pennant.
Resistance 3: 0.44405, (resistance on 30-minute chart).
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