- XRP price is trading in negative territory, with losses of some 3.70% on Monday.
- XRP/USD is exposed to downside risks following failure to break and close above $0.2000.
- Price action via the weekly formed a bearish flag structure, at risk of breakout south.
XRP/USD weekly chart
The weekly closure has seen the formation of an evening star, indicating further downside to come.
XRP/USD daily chart
A loss of ground at the psychological $0.2000 was key for the bears regaining control of direction.
Spot rate: 0.1826
Relative change: -3.70%
High: 0.1896
Low: 0.1801
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