Ripple's XRP technical analysis: XRP/USD bearish pennant remains a problem
|- Ripple's XRP price is trading in the red by some 0.10% in the session on Wednesday.
- XRP/USD continues to trade within a bearish pennant structure via the daily.
- The price is running towards its third consecutive session in the red.
XRP/USD daily chart
The bears able to maintain downside pressure, following a failure to escape a bearish pennant structure, big resistance barrier seen at $0.2300.
XRP/USD 60-minute chart
Price action has managed to creep above a descending trend line which had been capping upside.
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Spot rate: 0.2226
Relative change: -0.10%
High: 0.2240
Low: 0.2205
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