- 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