- XRP price is trading in positive territory, with gains of some 5.70% on Monday.
- XRP/USD saw some life sparked back into the bulls, however still within pennant structure.
- The risk still remains tilted to the downside, despite the bout of buying pressure.
XRP/USD daily chart
Daily price action is moving within a bearish pennant, there is a growing possibility of a breakout south. Resistance to the upside should be noted at $16, support down at $14.50.
XRP/USD 60-minute chart
Near-term price action is looking to break out of a bullish flag structure, inviting further buying pressure.
Spot rate: 0.1562
Relative change: +5.70%
High: 0.1622
Low: 0.1449
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