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