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XRP Price Analysis: XRP/USD bulls must break above $0.1900

  • XRP price is trading in positive territory, with gains of some 1.70% on Thursday.
  • XRP/USD attempting to rebuild on the gains seen in the session on Wednesday. 
  • Critical downside support should be noted at the $0.1800 mark, resistance at $0.1900. 
XRP Price Analysis: XRP/USD bulls must break above $0.1900
Ken ChigboKen ChigboIndependent Analyst

XRP/USD daily chart

A tight range remains the case via the daily chart view, moving between $0.1800-0.2000. 

XRP/USD 60-minute chart

There is a risk of a near-term double top via the 60-minute chart view. The $0.1900 level is the top area. 


 

Spot rate:                   0.1901

Relative change:       +1.00%

High:                          0.1910

Low:                           0.1858

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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