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Ripple’s XRP Technical Analysis: XRP/USD is retesting a breached descending wedge formation

Ripple’s XRP Technical Analysis: XRP/USD is retesting a breached descending wedge formation

Ripple’s XRP nursing losses on Thursday of a chunky 4% in the second half of the session. XRP/USD is confined within a descending wedge formation, seen via the daily. Price action is moving within a near-term bearish pennant formation. Spot rate: 0.3218 Relative change: -4.05% High: 0.3382 Low: 0.3067 Trend: Bearish Support 1: 0.2972, daily pivot point support.






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