Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading marginally in the red, minor losses of 0.60% in the second half of Monday.
- XRP/USD via the daily chart view is moving within a bullish pennant pattern formation.
- Bulls still remain locked in on moving back above the psychological $0.5000 price area.
Spot rate: 0.4425
Relative change: -0.60%
High: 0.4646
Low: 0.4285
XRP/USD 60-minute chart
- Near-term ascending trend line providing needed comfort for the price, via the 60-minute.
XRP/USD daily chart
- Price action via the daily chart view is moving within a bullish pennant formation, subject to a breakout.
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