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XRP Price Analysis: XRP/USD bulls must break down $0.1800 for greater buying momentum

  • XRP price is trading in negative territory, with losses of some 1.25% on Friday.
  • XRP/USD has not traded above $0.1800 since 13 March, when the price was aggressively falling. 
  • Despite the upside opportunity, XRP/USD continues to move within a bearish pennant structure. 

 

XRP/USD daily chart

The bulls are edging towards $0.1800, the critical barrier ahead of further upside. However bearish flag risks still remains. 

XRP/USD 60-minute chart

There is a 60-minute double top risk for XRP/USD, heading for neckline test. 

 

Spot rate:                   0.1610

Relative change:       -1.25%

High:                          0.1803

Low:                           0.1697

 

 

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