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XRP Price Prediction: XRP/USD big difficulty in breaking $0.1800

  • XRP price is trading in positive territory, with gains of some 6.5% on Monday.
  • XRP/USD despite the narrowing price action, the price saw another weekly closure in the green. 
  • There is a barrier which continues to contain upside sitting at the $0.1800 mark. 
XRP Price Prediction: XRP/USD big difficulty in breaking $0.1800
Ken ChigboKen ChigboIndependent Analyst

XRP/USD weekly chart

Weekly resistance is capping XRP recovery, a range at $0.1750-0.1800. Despite the upside limitations, the price has produced two consecutive weeks in green. 

XRP/USD daily chart

Price action via the daily continues to move within a bearish flag structure, at risk of a breakout south. 

Spot rate:                   0.1735

Relative change:       +6.50%

High:                          0.1760

Low:                           0.1625

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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