- Ripple’s XRP price in the second half of Monday’s session is trading firmly in the red, down some 2.95%.
- Bulls run out of momentum, after a decent surge higher the past week across the market.
- There is a big barrier from $0.3700-0.3800 price range, the bulls must break for greater upside.
Spot rate: 0.3551
Relative change: -2.95%
High: 0.3715
Low: 0.3488
Trend: Bearish
XRP/USD 60-minute chart
- The loss of upside momentum can be observed via the 4-hour. Near-term ascending trend line is supporting the price and preventing a complete reversal of recent run higher.
XRP/USD daily chart
- Upside capped by supply running from $0.3700-0.3800 price range, bulls must break this down for greater upside.