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  • Ripple’s XRP price Monday is trading in minor positive territory up some 0.55% in the second part of the day.  
  • XRP/USD is currently running at its fifth consecutive session in the green, after losing large bullish momentum between 16-22 May.  
  • Price action via the daily chart view has formed a bullish pennant pattern structure.  

 

Spot rate:                   0.4114

Relative change:       +0.55%

High:                          0.4203

Low:                           0.4069

 

XRP/USD 60-minute chart

  • Near-term price action via the 60-minute chart view is narrowing within a range-block structure, subject to a potential breakout to the upside.  

XRP/USD daily chart

  • Price action has formed a bullish pennant pattern, which has seen the current daily candle edge out from the structure.