Ken Chigbo
Independent Analyst
- XRP price is trading in positive territory, with gains of some 0.45% on Monday.
- XRP/USD bulls pushing higher for seven consecutive sessions
- Price action is edging out of a narrowing daily pennant structure.
XRP/USD weekly chart
Weekly resistance is observed at $0.2000, should the bulls force a break and closure above, it will serve XRP well for greater upside momentum.
XRP/USD daily chart
The price has been stuck within a narrowing range block for some three weeks, however, showing encouraging signs of a breakout.
Spot rate: 0.1974
Relative change: +0.45%
High: 0.1997
Low: 0.1954
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