XRP Price Analysis: XRP/USD gunning for big $0.2000 retest
|- XRP price is trading in positive territory, with gains of some 1.00% on Friday.
- XRP/USD upside momentum appears to be back with the bulls, running at four straight days of gains.
- Next major barrier to the upside is eyed at $0.2000, following the recent $0.1900 breach.
XRP/USD daily chart
The bulls are making a solid attempt to break out of a narrowing daily range, as the price is on a run higher.
XRP/USD 60-minute chart
A bullish pennant structure is viewable via the 60-minute chart view, subject to a potential breakout north.
Spot rate: 0.1942
Relative change: +1.00%
High: 0.1971
Low: 0.1926
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.