Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading with gains of some 4.50% in the session on Monday.
- XRP/USD has been on the decline since being hit with rejection at the pychological $0.3000 mark.
- The price is at risk of breaking out from a bearish flag structure via the daily.
XRP/USD daily chart
Daily price action is moving within a bearish flag pattern, subject to a potential breakout.
XRP/USD 60-minute chart
An ascending trend line of support can be observed via the 60-minute chart view.
Spot rate: 0.2828
Relative change: -1.95%
High: 0.2923
Low: 0.2815
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