XRP Price Analysis: XRP/USD bulls enjoy a five-week rally
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- XRP price is trading in negative territory, with losses of some 0.20% on Monday.
- XRP/USD bulls are making another attempt to break down supply ahead of the big $0.20 level.
- The price is consolidating following what looks to have been a bull flag breakout
XRP/USD weekly chart
The price has been pushing to the north for five consecutive weeks, rising from lows of $0.11 up to around current levels just below $0.2000.
XRP/USD daily chart
A narrowing in the daily price action has been viewable for the last four sessions, with a breakout likely to be explosive. Support seen at $0.1895, resistance up at $0.1960.
Spot rate: 0.1897
Relative change: -.0.20%
High: 0.1948
Low: 0.1858
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