Ripple’s XRP Technical Analysis: XRP/USD explosive breakout is eyed

FX Street

Updated: 3 Jan. 2020 | 14:52

Ripple’s XRP price is trading in the green by some 3.00% in the session on Friday.
XRP/USD price action has been extremely narrowing within a range block formation.
A near-term bout of upside momentum has been observed, however, capped at $0.2000.

XRP/USD daily chart

Trading conditions are very tight, the range low at $0.1800, the high at $0.2000.

XRP/USD 60-minute chart

Price action is moving within a near-term pennant structure, subject to a breakout north.

Spot rate: 0.1930

Relative change: +3.00%

High: 0.1937

Low: 0.1846

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