Ripple Technical Analysis: XRP/USD breaks bearish pennant and retests, further move south is still eyed for now
|- Ripple price nursing chunky losses of over 3% on Friday, continuing the bloodshed of a trading week.
- XRP/USD broke a bearish pennant pattern, retest has been seen, back on the move south.
XRP/USD 60-minute chart
Relative change: -2.60%
High: 0.34600
Low: 0.32992
Trend: Bearish
Support 1: 0.33000, (support on 60-minute chart).
Support 2: 0.32010, 8th August low.
Support 3: 0.29000, top area seen in August and October 2017.
Resistance 1: 0.33890, 50MA.
Resistance 2: 0.34150, underneath of broken pennant.
Resistance 3: 0.34500, inside upper part of pennant.
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