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  • Ripple’s XRP price is trading in negative territory, with losses of some 0.20% on Monday.
  • XRP/USD bulls have regained some control following the cooling period 18-25 January. 
  • The price is flirting underneath a critical prior acting daily support at around the $0.2300 mark. 

XRP/USD weekly chart 

A heavy barrier of resistance should be noted at the $0.2500 price mark. 

XRP/USD daily chart

Price action has broken out from a bullish flag structure, making way for further upside pressure.

Spot rate:                  0.2305

Relative change:       -0.25%

High:                          0.2332

Low:                           0.2259