- Ripple’s XRP price on Monday in the second half of the session is nursing losses of 0.90%.
- XRP/USD bears are trying to force a retest of a breached bullish pennant structure.
- If the noted retest fails to hold, the price could be forced back down to $0.4000.
Spot rate: 0.4646
Relative change: -0.90%
High: 0.4693
Low: 0.4460
XRP/USD 60-minute chart
- Price action is gradually narrowing via the 60-minute view within a triangular structure.
XRP/USD daily chart
- XRP/USD bears are forcing the price to retest the breached bullish pennant structure.
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