Ripple's XRP technical analysis: XRP/USD deadly pennant structure eyed
|- Ripple's XRP price is trading in the green by some 0.10% in the session on Wednesday.
- XRP/USD price action is moving within a bearish pennant structure via the daily.
- The next major support level is eyed at the psychological $0.3000 mark.
XRP/USD 60-minute chart
Bulls managed to break above a descending trend line, leaving the door open to upside pressure.
XRP/USD daily chart
The price is sitting on a critical daily support level at $0.2200, failure to hold will likely open a return to $0.2000.
Spot rate: 0.2195
Relative change: +0.10%
High: 0.2263
Low: 0.2103
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