Ripple’s XRP technical analysis: XRP/USD price hunting for $0.3000 breakdown

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  • Ripple’s XRP price is trading with losses of some 0.80% in the session on Monday. 
  • XRP/USD is consolidating underneath the pychological $0.3000 price territory. 
  • A breakdown of the noted barrier could provide a strong committed wave of buying momentum. 

 

XRP/USD daily chart

Daily price action as it attempts to breakdown $0.3000, is moving within a bearish flag structure/ascending channel. 

XRP/USD 60-minute chart

Price action is being supported to the upside by an ascending trend line via the 60-minute chart view. 

 

Spot rate:                 0.2921

Relative change:      -0.80%

High:                         0.2949

Low:                          0.2892

 

 

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