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XRP Price Analysis: XRP/USD gunning for big $0.2000 retest

  • XRP price is trading in positive territory, with gains of some 1.00% on Friday.
  • XRP/USD upside momentum appears to be back with the bulls, running at four straight days of gains. 
  • Next major barrier to the upside is eyed at $0.2000, following the recent $0.1900 breach.

 

XRP/USD daily chart

The bulls are making a solid attempt to break out of a narrowing daily range, as the price is on a run higher. 

XRP/USD 60-minute chart

A bullish pennant structure is viewable via the 60-minute chart view, subject to a potential breakout north.

Spot rate:                   0.1942

Relative change:       +1.00%

High:                          0.1971

Low:                           0.1926

 

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