XRP Price Analysis: XRP/USD price pressures tilted to the downside underneath $0.2000

XRP price is trading in negative territory, with losses of some 1.40% on Wednesday.
XRP/USD is moving within a very tight range block, subject to a breakout.
Daily trading conditions have observed a range of $0.19 - $0.18, over the last five sessions.

Ken Chigbo Independent Analyst

XRP/USD daily chart

The next move out from the noted range block will very likely be trend defining.

XRP/USD 60-minute chart

Price formation appears to have formed a triple top via the 60-minute chart view, with the neckline area breached.

Spot rate: 0.1835

Relative change: -1.40%

High: 0.1899

Low: 0.1820

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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