Ripple’s XRP Price Analysis: XRP/USD price remains at high risk given bearish flag pattern
|- Ripple’s XRP is seen holding minor gains of just some 0.25% late on Monday.
- XRP/USD remains within a bearish flag pattern structure, subject to a potential break south.
Ripple’s XRP price in the latter part of Monday’s session is holding minor gains of just some 0.25%. The flat trading mode has continued, as the price remains stuck within a very mundane range of trading.
XRP/USD price action for going on twelve sessions has been trading within a range of around $0.3400 down to 0.3200. A bearish flag can be seen via the daily chart view, with the pole as part of the fall from $0.4000 down to 0.3200.
The key for a range-breakout is simply for the upper or lower parts of the technical formation, to be breached. Depending on whether the buyers or sellers are able to do this, will determine the next likely committed trend direction.
XRP/USD daily chart view
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