Home Ripple Ripple’s XRP technical analysis: XRP/USD bulls readying to smash through $0.5000 and beyond – FXStreet

Ripple’s XRP technical analysis: XRP/USD bulls readying to smash through $0.5000 and beyond – FXStreet

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  • XRP price in the second half of Wednesday is holding decent gains of 4%. 
  • XRP/USD price action has broken out from another bullish pennant structure, seen via the 4-hour view. 
  • The next major target area for the bulls appears to be the big psychological $0.5000 mark. 

Spot rate:                 0.4835

Relative change:      +4.10%

High:                        0.4940

Low:                         0.4594

XRP/USD 4-hour- chart

  • Price action via the 4-hour chart view has broken out the upside from a bullish pennant formation. 

XRP daily chart

  • Momentum to the upside has been strong since the consolidation escape from mid May to late June. 

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