XRP Price Analysis: XRP/USD near-term bearish flag at risk of sparking another drop

• 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