Ken Chigbo
Independent Analyst
- Ripple's XRP price is trading with decent gains of around 3.50% in the second half of the session on Monday.
- XRP/USD bulls have been flirting with and trying to regain the psychological $0.4000 mark.
- Price action via the daily is moving within a bullish pennant pattern structure.
Spot rate: 0.3999
Relative change: +3.55%
High: 0.4027
Low: 0.3803
XRP/USD 15-minute chart
- The bulls can be seen battling it out with the psychological $0.4000, buying pressure remains to the near-term view. A bullish flag structure can be observed via the 15-minute.
XRP/USD daily chart
- Price action via the daily is moving within the confinements of a bullish pennant structure.
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