- 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
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