- 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