XRP Price Analysis: XRP/USD pressure is back on after unsustainable aggressiver spike
|- XRP price is trading in negative territory, with losses of some 1.70% on Friday.
- XRP/USD bulls have struggled to break down supply ahead of the big $0.20 level.
- The price remains at risk of reversing the phenomenal gains of Thursday.
XRP/USD daily chart
The price retested and has so far been dealt with rejection, following a daily flag retest.
XRP/USD 60-minute chart
The bulls are failing to break down the chunky area of supply running into the early $0.19 price region.
Spot rate: 0.1890
Relative change: -0.90%
High: 0.1918
Low: 0.1864
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.