Ripple Technical Analysis: XRP/USD flying to the moon, playing among the stars

Ripple jumps another 20% on Friday, big chunky gains, as price remains very erect.
XRP/USD rallies firmly to the upside, highest levels seen since June.

Ken Chigbo Independent Analyst

XRP/USD 4-hour chart

Spot rate: 0.53079

Relative change: +18.5%

High: 0.54905

Low: 0.42604

Trend: Bullish.

Resistance 1: 0.55200, session high & last high 21 June high, before further market tumble.

Resistance 2: 0.56050, resistance on 4-hour chart.

Resistance 3: 0.56860, 14th June high

Support 1: 0.51880, support on 4-hour chart.

Support 2: 0.50700, demand zone.

Support 3: 0.45000-0.46000, consolidation area end July-August.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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