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XRP Price Analysis: XRP/USD gunning for big $0.2000 retest

XRP price is trading in positive territory, with gains of some 1.00% on Friday.
XRP/USD upside momentum appears to be back with the bulls, running at four straight days of gains.
Next major barrier to the upside is eyed at $0.2000, following the recent $0.1900 breach.

Ken Chigbo Independent Analyst

XRP/USD daily chart

The bulls are making a solid attempt to break out of a narrowing daily range, as the price is on a run higher.

XRP/USD 60-minute chart

A bullish pennant structure is viewable via the 60-minute chart view, subject to a potential breakout north.

Spot rate: 0.1942

Relative change: +1.00%

High: 0.1971

Low: 0.1926

XRP/USD

Overview
Today last price	0.1943
Today Daily Change	0.0014
Today Daily Change %	0.73
Today daily open	0.1929

Trends
Daily SMA20	0.1893
Daily SMA50	0.1811
Daily SMA100	0.2192
Daily SMA200	0.231

Levels
Previous Daily High	0.1999
Previous Daily Low	0.1859
Previous Weekly High	0.1962
Previous Weekly Low	0.1741
Previous Monthly High	0.2468
Previous Monthly Low	0.1129
Daily Fibonacci 38.2%	0.1945
Daily Fibonacci 61.8%	0.1912
Daily Pivot Point S1	0.1859
Daily Pivot Point S2	0.1789
Daily Pivot Point S3	0.1719
Daily Pivot Point R1	0.1999
Daily Pivot Point R2	0.2069
Daily Pivot Point R3	0.2139

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/USD daily chart

XRP/USD 60-minute chart

XRP/USD

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