Ripple’s XRP Technical Analysis: XRP/USD falls out from a rising channel pattern, attracting the bears

• Ripple’s XRP down a chunky 0.5% into the second half of the session.
• XRP/USD price action was moving within an ascending channel, which has since been breached to the downside.  
• Eyes will likely once again be on next major area of support down towards $0.4100-0.4000.  

XRP/USD 60-minute chart  

Spot rate:                  0.4641

Relative change:       -0.50%

High:                          0.4641

Low:                           0.4146

Trend:                        Bearish

Support 1:                  0.4150, demand area.

Support  2:                  0.3970, daily pivot point support.

Support  3:                  0.3562,  daily pivot point support.

Resistance  1:             0.4550, underneath breached channel.

Resistance  2:             0.4911,  daily pivot point resistance.

Resistance  3:             0.5444,  daily pivot point resistance.    

XRP/USD daily chart

• XRP/USD price moving underneath a breached pennant pattern via the daily view, leaving it vulnerable to further downside.