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  • Ripple’s XRP price is trading up with decent gains of 6.50% in the session on Monday.  
  • XRP/USD jumps aggressively to the upside but is capped by heavy supply at the $0.2500 mark.  
  • The bulls managed to force the price out from a bearish pennant structure via the daily.  

 

XRP/USD daily chart

The price via the current daily candle has broken out from a bearish pennant pattern, a daily closure above is critical.  

XRP/USD 60-minute chart

A surge of momentum came with a narrowing range-block structure for XRP via the 60-minute.  

 

Spot rate:                  0.2560

Relative change:       +6.50%

High:                          0.2622

Low:                           0.2358