- 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%
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.