Ripple's XRP technical analysis: XRP/USD has been punished by $0.3000 breakthrough failure


  • Ripple's XRP price is trading with gains of some 4.50% in the session on Monday. 
  • XRP/USD has been on the decline since being hit with rejection at the pychological $0.3000 mark. 
  • The price is at risk of breaking out from a bearish flag structure via the daily. 

 

XRP/USD daily chart

Daily price action is moving within a bearish flag pattern, subject to a potential breakout. 

XRP/USD 60-minute chart

An ascending trend line of support can be observed via the 60-minute chart view. 

 

Spot rate:                 0.2828

Relative change:      -1.95%

High:                         0.2923

Low:                          0.2815

 

 

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