Ken Chigbo
Independent Analyst
- Ripple's XRP on Wednesday is trading marginally in the green, gains of some 0.50%.
- XRP/USD near-term price action catches some bullish momentum, breaking out from pennant structure.
- Daily price action is stuck within a narrowing pennant structure.
Spot rate: 0.3206
Relative change: +0.50%
High: 0.3235
Low: 0.3172
XRP/USD 60-minute chart
- Price action via the 60-minute chart view is smashing out from a bullish pennant structure.
XRP/USD daily chart
- A daily pennant structure continues to contain the price action, subject to an imminent breakout.
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