Ripple's XRP Technical Analysis: XRP/USD bulls capitalize after scaping triangle structure of losses
|- Ripple's XRP Monday is trading with gains of some 3% in the second half of the day, as life is kicked back into the bulls.
- XRP/USD managed to escape a narrowing triangular structure, which had been containing the bulls.
- There is still much resistance ahead throughout the $0.3000 price region, many hurdles in the way of greater upside.
Spot rate: 0.3236
Relative change: +3.40%
High: 0.3282
Low: 0.3080
XRP/USD 60-minute chart
- Price action via the 60-minute is looking for an escape from the near-term triangular structure, after a brief period of consolidation.
XRP/USD daily chart
- Bulls smash out to the upside from a narrowing triangular structure formation via the daily.
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