- Ripple’s XRP price is trading up with gains of some 8.50% in the session on Monday.
- XRP/USD price has smashed out from a bearish pennant structure via the daily chart view.
- Upside was capped at $0.2600 however a breakout of this daily resistance has been seen.
XRP/USD daily chart
The price was moving within a bearish penannt structure since 25 September, however, managing to break free from this in the session on Sunday and then extending north on Monday.
XRP/USD 60-minute chart
Price action has broken out from a narrowing range-block formation via the 60-minute chart.
Spot rate: 0.2463
Relative change: +8.80%
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