Ripple's XRP Technical Analysis: XRP/USD heading back for a critical retest $0.2000


  • Ripple's XRP price is trading in the green by some 1.60% in the session on Friday.
  • XRP/USD is running towards its fourth consecutive session in the red. 
  • A daily breach and closure below the psychological $0.2000, could be punishing.

 

XRP/USD weekly chart

The price has been on the decline since a big rejection within a strong weekly supply, $0.2200-0.2400. 

XRP/USD daily chart

The major daily support to the downside is eyed at $0.1850, the low area seen between 17 December - 3 January. 

 

Spot rate:                  0.2050

Relative change:      +1.50%

High:                          0.2069

Low:                           0.1997

 

 

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