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  • Ripple’s XRP price is trading with gains of some 4.50% in the session on Monday.  
  • XRP/USD bulls were hit with rejection at the pychological  $0.3000 mark, which could prove to be punishing.  
  • The bulls will need to breakdown the above-noted to receive  another wave of  buying pressure.    


XRP/USD daily chart

Daily price action has formed an ascending channel structure, which does remain vulnerable to downside risk.  

XRP/USD 60-minute chart

Near-term price action is being guided to the upside by a rising trend line, which has been in play since Saturday.


Spot rate:                  0.2930

Relative change:       -1.60%

High:                          0.2995

Low:                           0.2284