- Ripple’s XRP price is trading in the red by some 1.90% in the session on Monday.
- XRP/USD price has demonstrated some signs of stabilization, as it runs with four consecutive sessions of gains.
- There is a big barrier in the way of further upside seen at the psychological $0.2000 mark.
XRP/USD daily chart
Price action via the daily chart view is moving within a bearish pennant pattern, subject to a breakout south.
XRP/USD 60-minute chart
The price formed a near-term double top pattern, which has seen a break of the neckline and another wave of selling pressure.
Spot rate: 0.1875
Relative change: -1.90%