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  • Ripple’s XRP price is trading with gains of some 4.50% in the session on Monday.  
  • XRP/USD bulls have to find another push to breakdown the heavy supply at $0.3000.  
  • Price action can be seen moving within an ascending channel structure, which could be also viewed as a bearish flag.  


XRP/USD daily chart

The above-detailed flag sees the resistance tracking at $0.3000, a rejection here could be very costly.  

XRP/USD 60-minute chart

There is a near-term bull flag formation, which is subject to break out via the 60-minute chart view.  


Spot rate:                  0.2892

Relative change:       4.50%

High:                          0.2950

Low:                           0.2769