Ripple’s XRP Technical Analysis: XRP/USD bear flag formation eyed

• Ripple’s XRP price on Monday trading up with minor gains of 1.5% in the early part of the session.  
• XRP/USD price action is moving within a bearish flag/ ascending channel formation.  

Spot rate:                0.3048

Relative change:     +1.50%

High:                        0.3054

Low:                         0.3003

Trend:                       Bullish

Trends:
       Daily SMA20:  0.3102
       Daily SMA50:  0.3189
       Daily SMA100:  0.3432
       Daily SMA200:  0.3776
Levels:
       Previous Daily High:  0.3473
       Previous Daily Low:  0.2983
       Previous Weekly High:  0.3505
       Previous Weekly Low:  0.2982
       Previous Monthly High:  0.3906
       Previous Monthly Low:  0.2833
       Daily Fibonacci 38.2%:  0.317
       Daily Fibonacci 61.8%:  0.3286
       Daily Pivot Point S1:  0.2834
       Daily Pivot Point S2:  0.2663
       Daily Pivot Point S3:  0.2343
       Daily Pivot Point R1:  0.3325
       Daily Pivot Point R2:  0.3644
       Daily Pivot Point R3:  0.3815

XRP/USD 60-minute chart

• Possible near-term bearish pennant formation eyed via the 60-minute view.  

XRP/USD daily chart

• Price moving within a bearish flag/ascending channel formation via the daily.