XRP Price Forecast: XRP/USD working on eruption through $0.2000

FX Street

Updated: 9 Apr. 2020 | 14:22

XRP price is trading in negative territory, with losses of some 2.20% on Thursday.
XRP/USD is consolidating just below the big $0.2000 mark, capping upside for now.
Narrowing trade conditions likely to lead to a decent range breakout.

XRP/USD daily chart

A breakdown of the noted $0.2000 could provide a fast pathway to a $0.2500 return.

XRP/USD 60-minute chart

Price action is forming a possible bullish pennant structure, subject to a breakout.

Spot rate: 0.1978

Relative change: -2.20%

High: 0.2023

Low: 0.1939

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