XRP Price Analysis: XRP/USD close to game-changing $0.2000 breakout

XRP price is trading in positive territory, with gains of some 0.45% on Monday.
XRP/USD bulls pushing higher for seven consecutive sessions
Price action is edging out of a narrowing daily pennant structure.

Ken Chigbo Independent Analyst

XRP/USD weekly chart

Weekly resistance is observed at $0.2000, should the bulls force a break and closure above, it will serve XRP well for greater upside momentum.

XRP/USD daily chart

The price has been stuck within a narrowing range block for some three weeks, however, showing encouraging signs of a breakout.

Spot rate: 0.1974

Relative change: +0.45%

High: 0.1997

Low: 0.1954

XRP/USD

Overview
Today last price	0.1969
Today Daily Change	0.0004
Today Daily Change %	0.20
Today daily open	0.1965

Trends
Daily SMA20	0.1905
Daily SMA50	0.1784
Daily SMA100	0.218
Daily SMA200	0.23

Levels
Previous Daily High	0.1977
Previous Daily Low	0.1917
Previous Weekly High	0.1999
Previous Weekly Low	0.1784
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1954
Daily Fibonacci 61.8%	0.194
Daily Pivot Point S1	0.1929
Daily Pivot Point S2	0.1893
Daily Pivot Point S3	0.1869
Daily Pivot Point R1	0.1989
Daily Pivot Point R2	0.2013
Daily Pivot Point R3	0.205

Author

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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XRP Price Analysis: XRP/USD close to game-changing $0.2000 breakout