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  • 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