Ripple’s XRP technical analysis: XRP/USD breakout is near given narrow conditions

• XRP price on Friday in the second half of the day is down some 0.50%.
• XRP/USD remains confined within a bearish pennant structure, as seen via the daily.  
• The price continuing to remain within the bearish structure keeps it vulnerable to downside risks.  

Spot rate:                  0.3148

Relative change:       +1.05%

High:                          0.3179

Low:                           0.3141

XRP/USD 60-minute chart

• Near-term ascending trend line preventing the price from free-fall south, seen via 60-minute chart.  

XRP/USD daily chart

• The price does not have much room to move given tight conditions, within pennant.