Home Ripple’s XRP technical analysis: XRP/USD extreme price narrowing suggests an imminent breakout

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Ripple’s XRP technical analysis: XRP/USD extreme price narrowing suggests an imminent breakout

FX Street

Updated: 4 Jul. 2019 | 15:22

XRP price on Thursday is nursing losses of some 2.25%, as it continues to consolidate.
XRP/USD price action via the daily chart view is narrowing, seen over the last six sessions.
The daily still shows price action moving within a bullish flag structure.

Spot rate: 0.3957

Relative change: -2.25%

High: 0.4062

Low: 0.3913

XRP/USD 60-minute chart

Limited room for the price to move within the current structure, a breakout is eyed.

XRP/USD daily chart

The price action via the daily chart view is moving within a narrowing nature.

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