Ken Chigbo
Independent Analyst
- Ripple's XRP nursing minor losses on Friday, just some 0.75%, as the bulls continue to penetrate vital resistance.
- Should the bulls manage to breakdown $0.4000, greater upside will come into play.
XRP/USD 15-minute chart
Spot rate: 0.3789
Relative change: -0.75%
High: 0.3834
Low: 0.3681
Trend: Neutral
Resistance 1: 0.4016, daily pivot point resistance.
Resistance 2: 0.4223, daily resistance area.
Resistance 3: 0.4491, daily resistance area.
Support 1: 0.3540, daily pivot point support.
Support 2: 0.3273, daily pivot point support.
Support 3: 0.3065, daily pivot point support.
XRP/USD 60-minute chart
- Price moving within a bullish pennant technical set up, subject to a breakout to the upside.
XRP/USD 4-hour chart
- A breakout above the stubborn $0.4000 are, will invite a fresh wave of buying pressure.
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