XRP / USD late on Friday is trading down with minor losses of 1%.
Price action via the 4-hour chart view has formed a bearish pennant.
Ripple's XRP late in the session on Friday's trading in negative territory, nursing losses of just some 1%.
XRP / USD price action has been attempted to bottom out following the harsh beating seen earlier in the week.
The price was caught and supported by a chunky known area of demand, $ 0.3000-0.2500. However, this current consolidation has formed a bearish pennant structure, seen via the 4-hour chart.
It may be one last potential down to $ 0.2000 before the bug buyers return.
XRP / USD 4-hour chart