- XRP price is trading in negative territory, with losses of some 8.50% on Monday.
- Price action has formed a deadly bearish pennant via the daily chart
- A breach of the above-noted structure could see a fast invite for $0.1000.
XRP/USD daily chart
The price has been narrowing over the last four sessions, as XRP consolidates from the heavy hit in the session of 12 March.
XRP/USD 60-minute chart
Trading conditions remain tight within a narrow range-block formation, subject to a breakout south.
Spot rate: 0.1423
Relative change: -6.80%
High: 0.1531
Low: 0.1283
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