Ripple's XRP technical analysis: XRP/USD bears are further pressing for devastating support breakout
|- Ripple's XRP price on Friday is trading marginally in the red, down some 0.70%.
- XRP/USD bears are testing a critical trend line of support, which make up a bearish pennant structure.
- The big support level should be noted at $0.2500, which if broken could be very punishing.
Spot rate: 0.2542
Relative change: -0.65%
High: 0.2561
Low: 0.2528
XRP/USD daily chart
- Price action is moving within a bearish pennant via the daily, testing the lower support to the downside.
XRP/USD 60-minute chart
- A lower tracking ascending trend line is seen running at the big psychological $0.2500 mark as noted.
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