Ripple's XRP technical analysis: XRP/USD bulls have broken above bearish pennant, daily closure key
|- Ripple's XRP price on Monday is trading marginally in the green, up some 0.10%.
- XRP/USD bulls have broken out to the upside from a bearish pennant pattern, forcing a daily closure above.
- The next major target area will be the pychological $0.3000 territory.
Spot rate: 0.2625
Relative change: +0.05%
High: 0.2589
Low: 0.2554
XRP/USD daily chart
- The bulls have the opportunity to use the breached pennant as a platform to extend further north.
XRP/USD 60-minute chart
- XRP/USD bulls are attempting to break down a near-term supply running from $0.2620-0.2670 range.
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