Ripple's XRP technical analysis: XRP/USD breakout is near, as $0.2000 remains vulnerable
|- Ripple's XRP price on Wednesday is trading in the red, down some 0.90%.
- XRP/USD price action is moving within consolidation mode, having formed a bearish pennant structure.
- The price is very much narrowing, subject to a potential breakout, given the lack of room to manoeuvre.
Spot rate: 0.2663
Relative change: -1.15%
High: 0.2694
Low: 0.2651
XRP/USD daily chart
- Price action moving within a bearish pennant structure, subject to a breach.
XRP/USD 60-minute chart
- The price is stuck within a mundane range, to a high of $0.2800, down to a low of $0.2650.
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