Ripple’s XRP technical analysis: XRP/USD breakout is near given narrow conditions

  • XRP price on Friday in the second half of the day is down some 0.50%.
  • XRP/USD remains confined within a bearish pennant structure, as seen via the daily. 
  • The price continuing to remain within the bearish structure keeps it vulnerable to downside risks. 

 

Spot rate:                 0.3148

Relative change:      +1.05%

High:                         0.3179

Low:                          0.3141

XRP/USD 60-minute chart

  • Near-term ascending trend line preventing the price from free-fall south, seen via 60-minute chart. 

 

XRP/USD daily chart

  • The price does not have much room to move given tight conditions, within pennant. 

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