Ken Chigbo
Independent Analyst
- XRP was trading down over 4% in the latter part of Friday's session.
- XRP/USD price broke out to the downside from a rising wedge pattern.
- The weekend will be key was to whether XRP/USD can close up for the week in positive territory.
XRP/USD 4-hour chart
Spot rate: 0.3648
Relative change: -4.15%
High: 0.3830
Low: 0.3538
Trend: Bearish
Support 1: 0.3587, daily pivot point support.
Support 2: 0.3461, daily pivot point support.
Support 3: 0.3237, 25 November low.
Resistance 1: 0.3800, underneath breached wedge.
Resistance 2: 0.3938, daily pivot point resistance.
Resistance 3: 0.4065, daily pivot point resistance.
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