Home Ripple’s XRP  technical analysis: XRP/USD bulls are lifeless with a position to capitalize to the north
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Ripple’s XRP  technical analysis: XRP/USD bulls are lifeless with a position to capitalize to the north

FX Street
Published date:
  • Ripple’s XRP price on Monday is trading marginally in the green, up some 0.20%.  
  • XRP/USD price action is moving in consolidation mode, sitting just above a breakout pennant structure.  
  • Upside appears to be very much capped by resistance within the $0.2600 price area.  

 

Spot rate:                  0.2542

Relative change:       -0.65%

High:                          0.2637

Low:                           0.2605

XRP/USD daily chart

  • XRP is sitting just above a breached bearish technical pennant, there is a lack of commitment for now.  

 

XRP/USD 60-minute chart

  •  The heavy near-term supply can be observed within the $0.2600 region, as sellers remain capped within region.  

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