Ripple’s XRP technical analysis: XRP/USD subject to a breakout from bearish  pennant  structure

• Ripple’s XRP price is trading in the red on Monday, holding losses of some 0.70%.
• XRP/USD is moving within the confinements of a bearish pennant structure via the daily.  
• The big psychological $0.3000 mark remains vulnerable of giving way to the bears.  

Spot rate:                  0.3091

Relative change:       -0.05%

High:                          0.3141

Low:                           0.3062

XRP/USD 60-minute chart

• The price via the 60-minute is moving within a bearish flag structure, vulnerable to downside risks.  

XRP/USD daily chart

• Price action has been moving within the confinements of a bearish pennant structure.