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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. 
XRP Price Analysis: XRP/USD close to game-changing $0.2000 breakout
Ken ChigboKen ChigboIndependent 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 price0.1969
Today Daily Change0.0004
Today Daily Change %0.20
Today daily open0.1965
 
Trends
Daily SMA200.1905
Daily SMA500.1784
Daily SMA1000.218
Daily SMA2000.23
 
Levels
Previous Daily High0.1977
Previous Daily Low0.1917
Previous Weekly High0.1999
Previous Weekly Low0.1784
Previous Monthly High0.2468
Previous Monthly Low0.1129
Daily Fibonacci 38.2%0.1954
Daily Fibonacci 61.8%0.194
Daily Pivot Point S10.1929
Daily Pivot Point S20.1893
Daily Pivot Point S30.1869
Daily Pivot Point R10.1989
Daily Pivot Point R20.2013
Daily Pivot Point R30.205

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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