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Ripple XRP Technical Analysis: XRP / USD tug of war

  • Ripple's XRP suffered losses of around 2.5% in the second half of Friday's session.
  • The XRP / USD bulls are playing tug of war with the bears, with the price going in and out of the pennant pattern.
  • The aforementioned could see a decline towards $ 0.30 to 0.25 if the bears win.

Daily XRP / USD chart

Spot rate: 0.4783

Relative change: -2.50%

High: 0.4888

Low: 0.4627

Trend: bearish

Support 1: 0.4445, daily pivot support and question area.

Support 2: 0.4047, daily support of the articulation point.

Support 3: 0.3824, daily support of the articulation point.

Resistance 1: 0.4837, 50DMA.

Resistance 2: 0.5067, resistance to the daily articulation point.

Resistance 3: 0.5290, resistance at the daily articulation point.

XRP / USD 60-minute chart

  • As seen through the 60-minute chart view, the price action flirts in and around the lower trend line of the pennant model.

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