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XRP Price Analysis: XRP/USD needs to break down this barrier at $0.1800

FX Street
Published date:
  • XRP price is trading in positive territory, with gains of some 1.30% on Thursday.
  • XRP/USD despite narrowing trading is running at four consecutive sessions in the green.
  • The barrier at $0.1800 remains the issue for the bulls attempting further upside. 

 

XRP/USD daily chart

The price has not been able to trade firmly above the noted $0.1800 mark since 12 March. It came following heavy selling pressure earlier last month. 

XRP/USD 60-minute chart

Near-term price action is breaking out of a bullish pennant structure, making way for further upside buying pressure.  

 

Spot rate:                   0.1773

Relative change:       -1.25%

High:                          0.1784

Low:                           0.1747

 

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