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

• 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