Ripple's XRP technical analysis: XRP/USD bounces off critical supporting trend line
|- Ripple's XRP price is trading in positive territory, gains seen of 2.5% in the latter part of the day.
- XRP/USD bears retested a breached bullish flag structure, finding support on top for the pattern.
- The $0.4000 remains protected by decent buyers after the threat of breach during the hard selling on Thursday.
Spot rate: 0.4121
Relative change: +2.40%
High: 0.4171
Low: 0.3978
XRP/USD 60-minute chart
- Near-term bearish pennant structure eyed via the 60-minute chart view.
XRP/USD daily chart
- Daily price action retests a breached pennant pattern formation, after the selling on Thursday.
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