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  • Ripple’s XRP price on Monday is trading in very minor positive territory, but the bears still appear to be in the waiting.
  • XRP/USD is testing a key supporting ascending channel formation, the price is very much reliant on this at present.  
  • The big psychological $0.3000 mark remains exposed, it is not clear from safety yet.  

 

Spot rate:                  0.3015

Relative change:       +0.15%

High:                          0.3038

Low:                           0.2974

XRP/USD 60-minute chart

  • Price action is narrowing within a horizontal wedge pattern structure via the 60minute.  

 

XRP/USD daily chart

  •  XRP/USD is moving within a daily ascending channel structure, remaining vulnerable to downside risks.