XRP Price Analysis: XRP/USD holding $0.2000 is the key for a big move to the north

XRP price is trading in positive territory, with gains of some 5.50% on Tuesday.
XRP/USD has made a critical break above the psychological $0.2000 mark.
The breach north of this area will likely restore buyer confidence.

Ken Chigbo Independent Analyst

XRP/USD daily chart

The bulls completed another session in the green, marking seven straight on the move north.

XRP/USD 60-minute chart

Price action via the 60-minute chart view has smashed out from a range-block formation. High at $0.1995 the low of the range at $0.1920, it invited a great wave of buying pressure.

Spot rate: 0.2089

Relative change: +5.50%

High: 0.2101

Low: 0.1947

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

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