Ripple's XRP Technical Analysis: XRP/USD bulls behavior suggesting another extended move higher
|- Ripple's XRP nursing minor losses of just some 0.5%, through the mid-point of the session on Monday.
- XRP/USD price action has formed a bullish pennant pattern, subject to a breakout higher.
- Bulls are still locked in on a near-term upside target of $0.5000.
XRP/USD 60-minute chart
Spot rate: 0.4670
Relative change: -0.50%
High: 0.4770
Low: 0.4487
Trend: Neutral
Resistance 1: 0.4680, resistance on 60-minute chart.
Resistance 2: 0.4750, supply area.
Resistance 3: 0.4809, daily pivot point resistance.
Support 1: 0.4635, lower part of pennant.
Support 2: 0.4598, 50 & 100MAs.
Support 3: 0.4525, daily pivot point support.
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