- Ripple’s XRP price is trading with gains of some 4.50% in the session on Monday.
- XRP/USD bulls have to find another push to breakdown the heavy supply at $0.3000.
- Price action can be seen moving within an ascending channel structure, which could be also viewed as a bearish flag.
XRP/USD daily chart
The above-detailed flag sees the resistance tracking at $0.3000, a rejection here could be very costly.
XRP/USD 60-minute chart
There is a near-term bull flag formation, which is subject to break out via the 60-minute chart view.
Spot rate: 0.2892
Relative change: 4.50%
High: 0.2950
Low: 0.2769
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