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  • 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