Ripple's XRP Price Analysis: XRP/USD bulls breakout of bullish flag structure
|- Ripple's XRP price is trading in positive territory, with gains of some 3.60% on Tuesday.
- XRP/USD price action was moving within a bullish flag structure, which has now been breached to the upside.
- The next major challenge for the bulls will be to break down strong resistance at $0.2500.
XRP/USD daily chart
Given the above-detailed bullish flag structure, eyes will be on a challenge of last week’s high at $0.2540.
XRP/USD 60-minute chart
Following the flag breakout, XRP/USD was narrowing within a range-block via the 60-minute chart view. The bulls have breached the range and extending north.
Spot rate: 0.2387
Relative change: +3.55%
High: 0.2413
Low: 0.2306
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