Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading marginally in the red, down around 1% in the second half of the session on Friday.
- XRP/USD via the daily chart view despite the minor losses, sees a bullish technical set up, pennant structure subject to a breakout.
- The price has struggled to retain the $0.4000 price territory this week, as heavy sellers remain camped in the area.
Spot rate: 0.3961
Relative change: -0.95%
High: 0.4007
Low: 0.3915
XRP/USD 60-minute chart
- Price action via the 60-minute chart view has broken out to the downside from a rising wedge pattern formation.
XRP/USD daily chart
- XRP/USD daily price action is moving within a bullish pennant pattern formation, something which is seen with some of its peers also.
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