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  • Ripple’s XRP price is trading in the green by some 3.50% in the session on Monday.
  • XRP/USD price action is breaking out from a three-week narrowing a range block formation.
  • A firm reclaim of the psychological $0.2000 is critical for the XRP recovery. 

 

XRP/USD daily chart

There is room for the bulls to push for a strong recovery, as the price is set to break free from a narrowing range. 

XRP/USD 60-minute chart

Price action is moving within a bullish pennant structure, subject to a breakout north. 

 

Spot rate:                 0.2126

Relative change:      +9.25%

High:                         0.2162   

Low:                          0.1943