- XRP price is trading in positive territory, with gains of some 5.50% on Monday.
- XRP/USD price action over the last few sessions has been narrowing, subject to a breakout.
- The next key daily supports areas should be noted at; $0.2200 and then $0.2000.
XRP/USD weekly chart
The price is running at two consecutive weeks in the red, after the bulls lost complete momentum. Weekly support should be noted at $0.2200
XRP/USD daily chart
The price is narrowing within the confinements of a potential bearish pennant structure.
Spot rate: 0.2395
Relative change: +5.30%
High: 0.2416
Low: 0.2260
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