Ripple’s XRP  technical analysis: XRP/USD $0.2000 threat of being broken remains

• Ripple’s XRP price on Tuesday is trading in the red, down some 0.90%.  
• XRP/USD price action is moving within consolidation mode, having formed a bearish pennant structure.  
• The price is very much narrowing, subject to a potential breakout, given the lack of room to manoeuvre.  

Spot rate:                  0.2680

Relative change:       -0.90%

High:                          0.2805

Low:                           0.2643

XRP/USD daily chart

• Price action moving within a bearish pennant structure, subject to a breach.  

XRP/USD 60-minute chart

• Near-term demand around the $0.2600 price territory, protecting the price from dropping further.