Ripple Technical Analysis: XRP/USD breaks bearish pennant and retests, further move south is still eyed for now

• Ripple price nursing chunky losses of over 3% on Friday, continuing the bloodshed of a trading week.  
• XRP/USD broke a bearish pennant pattern, retest has been seen, back on the move south.

XRP/USD 60-minute chart

Spot rate:                    0.33463

Relative change:        -2.60%

High:                           0.34600

Low:                            0.32992

Trend:                         Bearish
 

Support 1:                  0.33000, (support on 60-minute chart).

Support 2:                  0.32010, 8th August low.  

Support 3:                    0.29000,  top area seen in August and October 2017.

Resistance 1:             0.33890, 50MA.

Resistance 2:             0.34150, underneath of broken pennant.  

Resistance 3:             0.34500, inside upper part of pennant.