Ripple’s XRP technical analysis: XRP/USD bullish pennant structure remains intact and subject to breakout

• Ripple’s XRP is holding very minor gains on Wednesday, holding gains of around 0.55%.
• XRP/USD price hit with another rejection in chunky supply region, $0.4500-0.4800 range.  
• Via the daily chart view, price action continues to move within a bullish penannt structure.  

Spot rate:                  0.4298

Relative change:       +0.55%

High:                          0.4366

Low:                           0.4246

XRP/USD 60-minute chart

• The price via the 60-minute chart view has broken out to the upside from a bullish flag pattern.  

XRP/USD daily chart

• Heavy supply holds firm from $0.4500-0.4800 range, bulls remain capped.