Ripple Technical Analysis: XRP/USD may have some bullish hope near-term as price is forming bullish pennant pattern
|- Ripple price is nursing losses of X, despite the small downturn in the session, hope may not be over for the bulls yet.
- XRP/USD despite the negative trading seen during the session on Thursday, price action has been forming a bullish pennant.
XRP/USD 60-minute chart
Spot rate: 0.48183
Relative change: -2.01%
High: 0.50472
Low: 0.47800
Trend: Bearish
Support 1: 0.47613, lower part of possible pennant.
Support 2: 0.45567, (support on 60-minute chart).
Support 3: 0.44000, demand zone.
Resistance 1: 0.48307, 100MA.
Resistance 2: 0.49037, 50MA.
Resistance 3: 0.49905, upper part of pennant.
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