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XRP Price Analysis: XRP/USD bulls enjoy a five-week rally

  • XRP price is trading in negative territory, with losses of some 0.20% on Monday.
  • XRP/USD bulls are making another attempt to break down supply ahead of the big $0.20 level. 
  • The price is consolidating following what looks to have been a bull flag breakout

 

XRP/USD weekly chart

The price has been pushing to the north for five consecutive weeks, rising from lows of $0.11 up to around current levels just below $0.2000. 

XRP/USD daily chart

A narrowing in the daily price action has been viewable for the last four sessions, with a breakout likely to be explosive. Support seen at $0.1895, resistance up at $0.1960.

Spot rate:                   0.1897

Relative change:       -.0.20%

High:                          0.1948

Low:                           0.1858

 

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