Ripple’s XRP Price Analysis: XRP/USD capped by big barrier at $0.2500

FX Street

Published date: 20 Jan. 2020 | 16:13

Ripple’s XRP price is trading in the red by some 1.80% in the session on Monday.
XRP/USD bulls are struggling in breaking down a big barrier at $0.2500.
The price managed to close its second consecutive week in the green.

XRP/USD weekly chart

The bulls have been making a decent attempt at recovery, since bottoming out down at $0.1800, late last year.

XRP/USD daily chart

The supply ahead of the $0.2500 price mark is quite heavy, preventing the bulls from breaking through for now.

Spot rate: 0.2320

Relative change: -1.40%

High: 0.2362

Low: 0.2239

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.