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  • Ripple’s XRP price is trading up with gains of some 8.50% in the session on Monday.  

  • XRP/USD price has smashed out from a bearish pennant structure via the daily chart view.  

  • Upside was capped at $0.2600 however a breakout of this daily resistance has been seen.  

 

XRP/USD daily chart

The price was moving within a bearish penannt structure since 25 September, however, managing to break free from this in the session on Sunday and then extending north on Monday.  

XRP/USD 60-minute chart

Price action has broken out from a narrowing range-block formation via the 60-minute
.  
 
Spot rate:                  0.2463

Relative change:       +8.80%

High:                          0.2793

Low:                           0.2538