Ken Chigbo
Independent Analyst
- XRP price is trading in positive territory, with gains of some 1.70% on Wednesday.
- XRP/USD price action is narrowing, subject to an explosive breakout.
- The price remains within a critical range, upside barrier at $0.2000, support at $0.1800.
XRP/USD daily chart
Price action over the last two weeks has offered nothing but a tight range, between $0.1800-0.2000.
XRP/USD 60-minute chart
Price action is moving within a bearish flag structure via the 60-minute chart view, at risk of another breakout south.
Spot rate: 0.1870
Relative change: +1.20%
High: 0.1864
Low: 0.1821
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