Home Ripple Ripple’s XRP technical analysis: XRP/USD attempting to stage rebound after bouncing off critical $0.2000 mark – FXStreet

Ripple’s XRP technical analysis: XRP/USD attempting to stage rebound after bouncing off critical $0.2000 mark – FXStreet

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  • Ripple’s XRP price is trading in the green by some 1.30% in the session on Thursday.
  • XRP/USD has seen a critical bounce ahead of the $0.2000 being breached to the downside. 
  • The next major barrier to the upside is seen at the psychological $0.2500 price mark. 

XRP/USD weekly chart

The price has been falling for the past four consecutive trading weeks, having fallen from $0.3100 down to $0.2000. 

XRP/USD daily chart

Price action has staged a rebound, running at three sessions in the green, after producing a hammer candlestick

Spot rate:                 0.2274

Relative change:      +1.30%

High:                         0.2300

Low:                          0.2242

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