Ripple's XRP Technical Analysis: XRP/USD daily double top risk


  • Ripple's XRP price is trading in the green by some 0.50% in the session on Friday.
  • XRP/USD is running towards its fifth consecutive session in the red, with a lack of reversal signs.
  • The price has been moving within a narrow range since falling from mid-late November. 

 

XRP/USD weekly chart

The critical weekly support area is a danger of giving way to the bears, which could see a fast drop below $0.2000.

XRP/USD daily chart

The price via the daily has formed a daily top pattern, at risk of breaching the neckline at $0.2150. 

 

Spot rate:                 0.2200    

Relative change:      +0.50%

High:                         0.2199

Low:                          0.2153

 

 

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