Search ForexCrunch
  • XRP price is trading in positive territory, with gains of some 3.20% on Wednesday.
  • XRP/USD is having some near-term difficulty with the psychological $0.2000 mark. 
  • The next major target to tackle will be the $0.2000, a breakout and closure above is key.

XRP/USD daily chart

The bulls needed a daily break and closure above $0.2000 to invite greater buying momentum. 

XRP/USD 60-minute chart

Supply is proving to be an issue at the range of $0.20 – 0.2050 via the 60-minute view. Potential ‘m’ structure is eyed via the hourly chart view. 

 

Spot rate:                   0.1885

Relative change:       +3.20%

High:                          0.2052

Low:                           0.1954