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  • Ripple’s XRP price is trading in the red by some 1.90% in the session on Monday.
  • XRP/USD price has demonstrated some signs of stabilization, as it runs with four consecutive sessions of gains.  
  • There is a big barrier in the way of further upside seen at the psychological $0.2000 mark.  

XRP/USD daily chart

Price action via the daily chart view is moving within a bearish pennant pattern, subject to a breakout south.

XRP/USD 60-minute chart

The price formed a near-term double top pattern, which has seen a break of the neckline and another wave of selling pressure.  


 

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Spot rate:                 0.1875  

Relative change:       -1.90%

High:                         0.1978

Low:                           0.1928