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XRP Price Analysis: XRP/USD pressure is back on after unsustainable aggressiver spike

  • XRP price is trading in negative territory, with losses of some 1.70% on Friday.
  • XRP/USD bulls have struggled to break down supply ahead of the big $0.20 level. 
  • The price remains at risk of reversing the phenomenal gains of Thursday. 

XRP/USD daily chart

The price retested and has so far been dealt with rejection, following a daily flag retest. 

XRP/USD 60-minute chart

The bulls are failing to break down the chunky area of supply running into the early $0.19 price region.

Spot rate:                   0.1890

Relative change:       -0.90%

High:                          0.1918

Low:                           0.1864

 

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