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  • Ripple’s XRP price is trading in positive territory, with gains of some 3.60% on Tuesday.
  • XRP/USD price action was moving within a bullish flag structure, which has now been breached to the upside. 
  • The next major challenge for the bulls will be to break down strong resistance at $0.2500.

 

XRP/USD daily chart 

Given the above-detailed bullish flag structure, eyes will be on a challenge of last week’s high at $0.2540.

XRP/USD 60-minute chart

Following the flag breakout, XRP/USD was narrowing within a range-block via the 60-minute chart view. The bulls have breached the range and extending north. 

Spot rate:                  0.2387

Relative change:       +3.55%

High:                          0.2413

Low:                           0.2306