Ripple’s XRP technical analysis: XRP/USD bearish structure subject to a break

• Ripple’s XRP is trading marginally the green, with gains of some 1% in the second half of Friday.
• Near-term price action received a helping hand from an ascending trend line of support.
• Vulnerabilities to the downside still remain, given bearish pennant structure.  

Spot rate:                  0.3160

Relative change:       +.1.06%

High:                          0.3180

Low:                           0.3074

XRP/USD 60-minute chart

• Price action via the 60-minute chart view took a decent bounce off a reliant ascending trend line.  

XRP/USD daily chart

• A bearish pennant structure can be seen containing the price via the daily. ##