Ripple’s XRP technical analysis: XRP/USD bulls have the opportunity for explosive moves higher

• Ripple’s XRP price is trading marginally in the green, small gains of 0.55% in the second half of Wednesday.  
• XRP/USD price action via the daily chart view is moving within a pennant pattern structure.  
• At present, the psychological $0.4000 mark is capping upside potential.  

Spot rate:                  0.3953

Relative change:       +0.55%

High:                         0.3995

Low:                          0.3889

XRP/USD 60-minute chart

• The 60-minute price action suggests a bearish flag formation or descending wedge. Contractionary of the long-time frame view.  

XRP/USD weekly chart

• Price action is moving within a bullish pennant structure seen via the daily.