Ripple’s XRP Technical Analysis: XRP/USD is in further trouble under $0.30

• Ripple’s XRP price on Friday is trading back in negative territory, down around 1.5%.
• XRP/USD bears smashed through $0.3000 in the back-end of Thursday’s session.  

XRP/USD 15-minute chart

Spot rate:                   0.2996

Relative change:       -1.47%

High:                          0.3009

Low:                           0.2939

Trend:                         Bearish

Support 1:                   0.2943, daily pivot point support.

Support 2:                   0.2885, daily pivot point support.

Support 3:                   0.2812, daily pivot point support.

Resistance 1:              0.3074, daily pivot point resistance.

Resistance  2:              0.3146, daily pivot point resistance.

Resistance  3:              0.3204, daily pivot point resistance.

XRP/USD 60-minute chart

• Price action moving within a horizontal wedge pattern as seen via the 60-minute chart view, subject to a breakout south.

XRP/USD

• Vulnerabilities point to the downside, as price looks to be shaping up within a bearish pennant, as mentioned above via 60-minute view within the wedge.