Ripple's XRP Technical Analysis: XRP/USD remains exposed as bears test a key supporting ascending trend line
|- Ripple's XRP price on Monday is trading in very minor positive territory, but the bears still appear to be in the waiting.
- XRP/USD is testing a key supporting ascending channel formation, the price is very much reliant on this at present.
- The big psychological $0.3000 mark remains exposed, it is not clear from safety yet.
Spot rate: 0.3015
Relative change: +0.15%
High: 0.3038
Low: 0.2974
XRP/USD 60-minute chart
- Price action is narrowing within a horizontal wedge pattern structure via the 60minute.
XRP/USD daily chart
- XRP/USD is moving within a daily ascending channel structure, remaining vulnerable to downside risks.
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