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  • 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